Examlex
The first activity in the human resource management process is recruitment.
Resource Market
A market where resources or inputs needed for production, such as labor, capital, and raw materials, are bought and sold.
Injection
An introduction of income into the economy through investment, government spending, or exports.
Circular Flow
A model in economics that depicts how goods and services and money move through the economy between households, businesses, government, and foreign sectors.
Value Added
The increase in worth of a product or service as a result of a particular process, calculated by the difference between the sale price and the production cost.
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