Examlex
The genes a person has for a trait are called the phenotype.
Private-Sector Differential
The differences in wages, working conditions, and employment benefits between jobs in the private sector versus those in the public sector.
Globalization
The process of increased interconnectedness and interdependence among countries, mainly through trade, investment, and cultural exchange.
Two-Tiered Wage
A pay scale system that offers a higher wage tier for current employees and a lower wage tier for new hires for the same job.
Monopoly Power
The ability of a single seller to influence the price and production levels in the market.
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