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Flex Time
An arrangement that allows employees to alter their start and finish times, provided that the total work hours remain constant.
Wages
Payments made to workers for their labor, typically based on hours worked or the amount of output produced.
Economics in Practice
The application of economic theories and principles to real-world scenarios and the analysis of actual economic practices.
Variable Input
In economics, any resource or factor of production whose quantity can be changed in the short term to influence output.
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