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What are the advantages of using paid paid-time-off (PTO) plans?
Externality
The uncompensated impact of one person’s actions on the well-being of a bystander
Total Cost
The sum of all expenses incurred in the production of goods or services, including both fixed and variable costs.
Organic
Pertaining to or derived from living organisms; in agriculture, involving food produced without the use of synthetic pesticides or fertilizers.
Deadweight Loss
The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable.
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