Examlex
Which of the following terms refers to a collective bargaining situation that occurs when the parties are not able to move further toward settlement?
Wealthy Country
A nation characterized by a high standard of living and a strong economic system, usually measured by gross domestic product (GDP) per capita.
Social Mobility
The movement of individuals, families, or groups through a system of social hierarchy or stratification, which can be either upward or downward in nature.
Meritocratic Mobility
The movement of individuals within or between social strata in a society based on their abilities, talents, and merits rather than on class privilege or wealthy heritage.
Social Capital
The networks, relationships, and norms that facilitate collective action and contribute to the social cohesion of a community.
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