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Early Industrialization
The period marked by the transition from manual production methods to more mechanized and factory-based manufacturing, significantly impacting social and economic structures.
Working Conditions
The environment and terms under which employees perform their jobs, including aspects such as hours, safety, and amenities.
Business Perspective
This refers to the viewpoint or approach to decision-making undertaken from the standpoint of business strategy and outcomes.
Perfectly Competitive Labor Market
An idealized labor market scenario where there are many employers and employees, no single entity can influence wages, and all workers are fully informed and mobile.
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