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Discuss the concept of insurable interests.
Negotiation
The process by which parties with differing interests and objectives discuss an issue in an attempt to reach a mutually acceptable agreement.
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.
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