Examlex
Not-for-profit,private colleges classify student unions,dining halls,and residence halls as
Hourly Wages
The rate of pay employees receive for one hour of work.
Market Equilibrium
A state in a market where supply equals demand, resulting in stable prices and no tendency for change until external factors impose it.
Market Wage Rate
The prevailing pay rate for a specific job in a specific market or industry, determined by supply and demand.
Generous Pension Plan
A retirement plan that offers higher than average benefits to employees, often providing significant income in retirement.
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