Examlex
If a union chooses not to bring a grievance to arbitration,the individual union member always has the right to pursue the matter through a lawsuit to enforce union provisions.
Private Sector
The part of the economy that is run by individuals and companies for profit and is not state controlled.
Resource Suppliers
Entities or individuals that provide the necessary inputs (like labor, raw materials, and capital) for the production of goods and services.
Income Tax
A tax levied by governments on individuals or entities based on their income or profits.
Value Added
At each stage of production, the selling price of a product minus the cost of intermediate goods purchased from other firms.
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