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In the Circular Flow Model

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In the circular flow model,


Definitions:

Negotiations

The process by which two or more parties discuss and attempt to reach a mutual agreement on matters of common interest.

Job Security

The likelihood or assurance a person has that they will be able to continue their employment without risk of becoming unemployed.

Industrial Union

A labor union organizing method where all workers in the same industry are organized into the same union, regardless of skill or trade.

Air Traffic Controllers

Professionals responsible for directing the safe movement of aircraft on the ground and through controlled airspace.

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