Examlex
Intellectual property rights are easier to define and protect than property rights for physical assets (e.g.,plant and equipment).
Primary Labour Market
The sector of the job market that offers high-paying jobs, stable employment, good working conditions, and opportunities for advancement.
Secondary Labour Market
The segment of the labor market characterized by lower pay, less job security, and fewer benefits compared to the primary labor market, often filled with high turnover, part-time, or temporary jobs.
Social Hierarchy
The organization of individuals into various levels based on factors like status, class, or authority, influencing their social interactions and opportunities.
Types of Authority
Various forms of power or control recognized by individuals or society, such as legal authority, traditional authority, and charismatic authority.
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