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Provide an appropriate response.
-If and , then what is when and ?
Strikes
Work stoppages initiated by employees to protest against labor conditions, policies of their employers, or to demand higher wages and benefits.
Lockouts
A labor relation strategy where employers prevent employees from working during a dispute, typically to enforce terms of employment.
Lost Profits
Lost profits are potential earnings that a business did not realize due to certain events, disruptions, or decisions that impacted its operations negatively.
Wage Income
The earnings received by individuals for their labor or services, typically calculated on an hourly, daily, or monthly basis.
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