Examlex
How is LinkedIn different than most social networking sites?
Real Wage
The purchasing power of an individual's earnings, adjusted for inflation, reflecting the actual goods and services that wages can buy.
Monopsonist
A market condition where there is only one buyer for a product or service, giving that buyer significant control over the market.
MRP
Stands for Material Requirements Planning, a system used for production planning, scheduling, and inventory control.
MRC
The Marginal Resource Cost, which is the additional cost incurred by producing one more unit of a good or service.
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