Examlex
Some firms use bankruptcies to escape existing contracts without negotiating.
Cornerstone of Prosperity
A fundamental basis or condition required for economic growth or success.
Socialist Model
An economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.
Vertical Integration
Company’s avoidance of middlemen by producing its own supplies and providing for distribution of its product.
Union Membership
Refers to individuals who belong to a labor union, organizations that represent workers' interests in negotiations with employers over wages, benefits, and working conditions.
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