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A national union is an example of an external stakeholder.
Wage Rate
The fixed amount of compensation or payment given to an employee by an employer in return for work performed, typically expressed on an hourly, daily, or piecework basis.
Labor
Work or human effort, including physical and mental, contributed to the production of goods and services.
Leisure
Free time when one is not working or attending to other duties, often used for relaxation, entertainment, or hobbies.
Nonlabor Income
Income received that does not come from employment or work, such as investment returns or inheritance.
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