Examlex
Which of the following is one of the criteria of an effective negotiation?
Labor Demand
The total amount of workers that employers are willing and able to hire at a given wage rate in an economy or specific market.
Working Poor
Describes individuals who are employed but whose earnings are insufficient to meet the basic costs of living.
Maximin Criterion
A principle in decision making which aims to maximize the minimum gain, often used in the context of ensuring the best worst-case scenario.
Income Transfer
The redistribution of income through government policies or mechanisms, often from wealthier to poorer individuals, to reduce income inequality.
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