Examlex
With total quality management,employees are usually given precise directions to achieve narrowly defined objectives.
Wealth Concentration
The scenario where a small percentage of people or entities hold a large portion of total wealth in a society.
Income Distribution
Refers to how a country’s total GDP is spread amongst its population, affecting economic equality and citizens' standard of living.
Last Three Decades
Refers to the most recent thirty-year period. Depending on context, this can relate to economic trends, technological advancements, or societal changes that have occurred within that timeframe.
Median Income
The income amount that divides a population into two equal groups, half having an income above that amount and half below, serving as a measure of central tendency.
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