Examlex
The field of training and development, also known as Human Resource Development (HRD), involves all of the purposeful activities directed at learning that contribute to desired change in individual, group, and organizational behavior.
Tax Revenue
The revenue governments receive as a consequence of taxes.
Deadweight Loss
Failure to reach free market equilibrium for a good or service leads to a loss in economic efficiency.
Labor Supply
The total hours that workers are willing and able to work at a given rate of pay, across different job markets or sectors.
Laffer Curve
A theoretical representation showing the relationship between tax rates and government revenue, positing that there is an optimum tax rate that maximizes revenue.
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