Examlex
The process of screening and hiring the best-qualified applicants with the greatest performance potential is called recruitment.
Incomes
Earnings received by individuals or entities for their labor, investments, or participation in business activities, often measured on a regular basis like monthly or yearly.
Minimum-Wage Laws
Legislation that sets the lowest hourly wage rate that an employer can legally pay to workers, aiming to ensure a minimum standard of living for employees.
Surplus Of Labor
The situation where the supply of labor exceeds the demand for it, often leading to unemployment or underemployment.
Price Controls
Government-imposed limits on the prices that can be charged for goods and services in the market, typically including price ceilings and price floors.
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