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What is a channel captain? What is its function when there is channel conflict?
Compensating Differential
A difference in wages that compensates workers for undesirable aspects of a job, such as hazardous working conditions or undesirable hours.
Labor Supplied
The sum of hours employees are ready and available to work for a specified pay rate.
Skilled Labor
Workers who have obtained specialized training, education, knowledge, and abilities to perform specific tasks.
Human Capital
The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
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