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According to a Goldman Sachs Global Economics Team Report,it Is

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According to a Goldman Sachs global economics team report,it is estimated that the economies of Brazil,Russia,India,and China,which it collectively coined as the "BRIC" nations,will surpass the collective economies of the G7 nations by 2032.


Definitions:

Inducements

Incentives or rewards offered to encourage a specific action or behavior from individuals or groups.

Managerial Practices

The set of policies, practices, and procedures used by managers to guide decision-making and operations in an organization.

Quality of Work Life

A concept that involves ensuring job satisfaction, workplace health, and overall well-being for employees.

Work-Life Balance

The equilibrium between professional responsibilities and personal life, including family, leisure, and health, to maintain well-being and satisfaction.

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