Examlex
A narrow scope strategy reduces the risks associated with competition.
Compensating Differential
A difference in wages that arises to compensate workers for non-monetary differences in different jobs, such as risk or undesirable location.
Hazard Pay
Hazard Pay is additional compensation provided to employees for performing work that is dangerous or involves risk.
Wealth
The abundance of valuable financial assets or physical possessions which can be converted into forms that can be used for transactions.
Compensating Differential
The difference in wages that arises from differences in the non-monetary aspects of different jobs, such as risk or desirability.
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