Examlex
An axiomatic specification of the semantics of a language construct implies that if the precondition is true,then the postcondition is true.
Wage Disparity
The difference in wages between groups of workers, often based on gender, age, or race.
Wage Differentials
The differences in wage rates due to the variations in the skill level, occupation, region, and other factors affecting compensation.
Diminishing Returns
The principle stating that as one factor of production is increased while others are held constant, a point will eventually be reached where additions of the factor yield progressively smaller increases in output.
Value Added
The increase in worth of a product or service as a result of a particular stage of production or as it moves through the supply chain.
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