Examlex
A credit card is a form of money.
Labor Union
An organization formed by workers to protect their rights and interests, often negotiating wages, work hours, and working conditions with employers.
Structural Unemployment
A form of unemployment caused by shifts in the economy, such as technological changes or global competition, that create a mismatch between the skills workers have and the skills needed by employers.
Frictional Unemployment
Short-term joblessness experienced by individuals transitioning between jobs, careers, or locations, often considered a natural and healthy part of a dynamic economy.
Minimum-Wage Laws
Legislation that sets the lowest hourly wage rate that employers can legally pay their employees.
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