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Song military difficulties stemmed partly from the fact that nomadic peoples quickly learned Chinese techniques for fashioning
Efficiency Wages
A theory suggesting that higher wages can enhance worker productivity by increasing morale, reducing turnover, and attracting more skilled employees.
Human Capital
The skills, knowledge, and experience possessed by an individual or workforce, viewed in terms of their value or cost to an organization.
Human Capital
Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Compensating Differential
A variation in pay or wages that arises to compensate workers for differences in the desirability of a job, such as working conditions or job location.
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