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Monetary Compensation
The financial payment given to an employee for their services or to an individual as a settlement.
Human Capital Theory
An economic perspective that views individuals' skills, knowledge, and experience as productive assets that can improve their earnings and contribute to a country's economic growth.
Labor Markets
The supply and demand for labor, where employers seek to hire workers, and individuals look for employment.
Compensating Differential
The difference in wages that arises to compensate workers for the non-monetary aspects of different jobs, like risk levels, working conditions, or job location.
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