Examlex
According to Rousseau,for a government to be effective it must be based on:
No Shirking Constraint
A principle in labor economics that suggests wages are set to deter employees from shirking or underperforming.
Unemployment
The state of being without a job despite actively looking for work.
Downward-sloping
A term used to describe a graphical representation where a line or curve moves lower as it travels from left to right, indicating a negative relationship between two variables.
Efficiency Wage Model
An economic theory suggesting that higher wages might lead to increased productivity by attracting better employees and increasing worker motivation.
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