Examlex
When a company pays a predetermined amount for coverage towards a medical service or procedure this is referred to as:
Labor Force
All the members of a particular organization or population who are able to work, viewed collectively.
Unionized
Describes a workplace or workforce that is represented by one or more labor unions, which negotiate wages, work rules, and working conditions.
Strike
An action of unionized employees in which they (1) discontinue working for the employer and (2) take steps to prevent other potential workers from offering their services to the employer.
Product Market
The marketplace where final goods or services are traded, allowing businesses to sell their products directly to consumers or users.
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