Examlex
What is the macroeconomic consequence if firms accumulate large amounts of unplanned inventory at the beginning of a recession?
Materials
The physical substances or components needed for something, especially those used for construction or manufacturing.
Time And Materials Contract
A contract agreement where payment is based on the actual labor hours worked and materials used.
Labor-Hour Contract
A contract in which payment is made based on the number of hours worked, typically used for projects where the scope is not clearly defined.
Hourly Rate
The amount of money paid for each hour of work.
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