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Which process can companies use to make corrections for differences between their jobs and external benchmark jobs?
Karl Marx
A 19th-century philosopher, economist, and sociologist known for his critique of capitalism and theory of class struggle, leading to the development of Marxist theory.
Industrial Revolution
A period of significant technological, socioeconomic, and cultural change, beginning in the 18th century, marked by the transition from manual production methods to machine-based manufacturing processes.
Alienation
A state of disconnection and isolation experienced by an individual or group, resulting from structural changes in society or personal relationships.
Capitalist Economy
An economic system where trade, industry, and the means of production are largely or entirely controlled by private owners for profit.
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