Examlex
RevPar can be calculated by multiplying the occupancy percentage by the ADR.
Transfer Payment
Payments made by governments to individuals without any goods or services being exchanged, such as social security benefits.
Social Security
A government program that provides monetary assistance to people with an inadequate or no income.
Welfare System
A government program designed to support individuals and families in need, providing financial assistance, healthcare, and social services.
Adequate Employment
Adequate employment refers to employment situations where individuals have jobs that sufficiently utilize their skills, offer fair compensation, and provide stable working conditions.
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