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You have undoubtedly heard someone say that whatever capitalism's faults, it is better than other alternatives. Or you've heard people simply scoff at the notion of socialism. Do you agree that TINA cannot be taken at face value? Why or why not?
Gainsharing
A compensation system where employees receive bonuses based on the improvement of operational efficiency and performance within an organization.
Merit Pay System
A compensation strategy where employees receive pay increases based on their performance evaluations.
Gainsharing
A performance-based compensation program where the savings or gains from increased productivity are shared with employees.
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