Examlex
For an M/M/1 queuing system,if the service rate,µ,is doubled,the average wait in the system,W,is cut in half.
Common Law
A legal system based on custom, court rulings, and precedents rather than codified laws.
Permanently Replaced Strikers
Workers who go on strike and are then permanently replaced by the employer, a situation possible under certain labor laws, notably in the United States.
Hot Cargo Agreements
Agreements between labor unions and employers that prohibit the employer from handling, using, or dealing with goods produced by a company targeted by a union boycott.
Monopolies
Market structures in which a single seller dominates trade in a good or service, often leading to reduced competition and higher prices.
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