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The most important attempt to limit the influence of lobbyists in recent years was the
Fringe Benefits
Additional benefits, beyond a salary, offered to employees, such as health insurance, retirement plans, and paid time off.
Minimum Wage
The lowest remuneration that employers can legally pay their workers—the rate may be set by national government or by a state or local government.
Substitution Effect
The change in consumption patterns due to a change in the prices of goods, leading consumers to replace more expensive items with less costly alternatives.
Income Effect
A change in the consumption patterns of individuals arising from a change in their real income, due to shifts in prices or income levels.
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