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Why does the segmented markets theory suggest think that bonds of different maturities are not perfect substitutes for each other?
Sweatshops
Work environments that have poor working conditions, violations of labor laws, and unethical treatment of workers, often with extremely low pay.
Poor Working Conditions
An environment where the safety, health, and well-being of employees are not adequately protected.
Low Wages
Compensation that is considered less than the average or standard in a specific industry or region.
Cultural Intelligence
The ability to understand, respect, and work effectively with people from different cultural backgrounds.
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