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According to Janos Kornai, One of the Most Important Distinguishing

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According to Janos Kornai, one of the most important distinguishing features of state socialist economies is the absence of a market principle for determining wages and prices.


Definitions:

Two-Factor Theory

The impact of motivational influences on job satisfaction.

Motivators

Sources of job satisfaction such as achievement, recognition, and responsibility.

Hygiene Factor

Factors related to the work environment that do not necessarily motivate employees but can cause dissatisfaction if missing or inadequate.

Security

Measures and protocols implemented to protect individuals, organizations, or systems from potential threats and risks.

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