Examlex
Which of the following is an important issue for economic development and vitality of the economy?
Collective Bargaining
A process where employers and a group of employees negotiate to determine the terms of employment, including wages, hours, benefits, and working conditions.
Dispute Resolution
A broad spectrum of processes including mediation, arbitration, and negotiation used to resolve conflicts or disputes without resorting to litigation.
Welfare Capitalism
A practice where businesses provide welfare services to their employees, such as housing and healthcare, to improve working conditions and loyalty.
Voluntarism
The principle or practice of engaging in voluntary action or service, often contrasted with compulsory methods.
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