Examlex
Theory Y has prompted managers to grant more freedom to employees who are well-motivated and talented.
Labor Mobility
The ability of workers to move between jobs, regions, or industries to pursue employment opportunities.
Minimum Wage
The minimum wage is the lowest legal hourly pay that employers are allowed to compensate workers, aiming to protect employees from unduly low earnings.
Legislation
A set of laws and regulations enacted by governmental bodies.
Marginal Products
The addition to total output due to the employment of one more unit of a specific factor of production, keeping all other factors constant.
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