Examlex
Identify the kind of profession that would typically employ an apprentice.
External Benefit
A benefit gained by individuals or society that is not reflected in market transactions, often associated with positive externalities.
Third Party
In the context of transactions, a third party is an entity besides the two primary parties involved, often providing an additional service or playing a regulatory role.
More Pay
Refers to an increase in the amount of money an employee receives for their work, either through raises, bonuses, or overtime compensation.
Communist Country
A nation that operates under a system of government where the state plans and controls the economy and a single—often authoritarian—party holds power, claiming to make progress toward a higher social order in which all goods are equally shared by the people.
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