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Explain how the tragedy of the commons applies to open seas fishing.
Simple Interest
Interest computed solely on the initial amount of a loan or deposit, not taking into account the effects of compounding.
Annual Raises
Incremental increases in salary or wages that employees receive on a yearly basis as a reward for performance and/or to keep up with inflation.
Annual Salary
The total amount of money that an employee is paid annually by their employer for their job duties.
Annual Raises
Annual raises are salary increases awarded to employees once a year, often based on performance, inflation, or company profitability.
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