Examlex
What is a connexon?
Unionized Labor
Workforce that is organized into a union, negotiating collectively for wages, benefits, and working conditions.
Wage Increase
An upward adjustment in employees' earnings per hour worked or salary.
Price-Taker Markets
Markets in which individual sellers or buyers cannot influence the price of a good or service and must accept the market price as given.
Market Price
The current price at which an asset or service can be bought or sold in the open market.
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