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Globalization and knowledge management have made necessary for organizations to remain competitive.
Lowest Level
The minimum or most basic level of something, often referring to the foundation or starting point.
Minimum Wage Laws
Legislation that establishes the lowest amount that can be paid to workers for their labor.
Labor Market
A marketplace where employers find workers and workers find jobs; it involves the supply and demand for labor.
Unemployment
The condition of being without a job, despite actively seeking work, often measured as a percentage of the labor force.
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