Examlex
A downward sloping income-demand curve indicates that the good is a necessity.
Graduated Commission
A commission structure where the rate of commission increases with the amount of sales or revenue generated.
Gross Salary
The total of an employee's regular earnings before taxes and other deductions.
Annual Salary
The total amount of money earned by an employee in a year, not including bonuses or other extra payments.
Salary Per Period
Salary per period refers to the total compensation an employee receives in each payment cycle, such as monthly or bi-weekly.
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