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In Labour Economics, the Term 'Customer Discrimination' Refers to a Situation

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In labour economics, the term 'customer discrimination' refers to a situation where customers are charged different prices for services rendered by a firm.


Definitions:

Structurally Unemployed

Individuals who are unemployed due to their skills not matching job requirements or significant shifts in the economy.

Computerized Instruction

An educational method that involves the use of computers and software programs to provide interactive lessons and assessments.

College Faculty

The body of teachers and professors responsible for imparting education and conducting research within a college or university.

Unanticipated Inflation

Inflation that occurs when actual inflation rates exceed what is expected, potentially disrupting economic planning and savings.

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