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Explain the trial phase.
Labor Unions
Organizations that represent the collective interests of workers in negotiations with employers over wages, benefits, and working conditions.
Bargaining Power
The capacity of one party to dominate the terms of negotiation due to their position, resources, or strategic advantage over the others.
Layoffs
The act of temporarily or permanently dismissing employees from their jobs, often due to economic downturns, restructuring, or changes in business strategy.
Bankruptcies
Legal proceedings involving individuals or businesses that cannot repay their debts, resulting in the liquidation or reorganization of assets under court supervision.
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