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A feasible solution is a global optimum if there are no other feasible solutions with a better objective function value in the immediate neighborhood.
Primary Labour Market
Refers to sectors of the economy offering high-quality, secure jobs with good pay, benefits, and opportunities for advancement.
Secondary Labour Market
A segment of the labor market characterized by low-paying, insecure jobs, and often with limited opportunities for advancement.
Informal Network
A social network formed based on personal relationships and social connections, rather than formal contracts or organizational structures.
Codetermination Cooperatives
A form of corporate governance that involves the joint decision-making by workers and management in the operation of a business, typically found in cooperatives.
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