Examlex
A results-oriented culture that values competitiveness, aggressiveness, personal initiative, and willingness to work long and hard to achieve results is called the achievement culture.
Unemployment Rate
The percentage of the labor force that is unemployed and actively looking for employment.
Labor Force Statistics
Data and metrics that provide information about the employment and unemployment rates, workforce composition, and other labor market indicators.
Efficiency Wages
Wages set above the equilibrium level by employers to increase worker productivity, discourage turnover, and reduce shirking.
Efficiency-Wage Theory
A theory suggesting employers pay above the market equilibrium wage to increase worker productivity.
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