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Information systems and reward systems help to refreeze the desired conditions in organizational change.
Market Price
The price at which a good or service is offered in the marketplace, determined by supply and demand.
Demand for Workers
The total amount of labor or workforce that employers are willing and able to hire at a given wage rate and time.
Equilibrium Wage
The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers, resulting in no excess supply or demand in the labor market.
Supply of Labor
The total hours that workers are willing and able to work in a given period, influenced by factors such as wages, working conditions, and labor market policies.
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