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Refer to the figure. This figure illustrates
Balancing Power
The act of equalizing influence or control among different groups or individuals, often in the context of labor relations.
Critical Industrial Relations
Analysis of employment relationships, focusing on power dynamics, conflict, and the regulatory framework.
Capitalistic System
An economic system where private individuals rather than the state own and operate the means of production and distribution of goods and services, driven by profit.
Pluralist View
The perspective that power in societies is distributed among various groups and interests, and that no single group dominates others consistently.
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