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What was the Enlightenment,and what role did the scientific revolution play in its creation?
Demand-Enhancing Union
A labor union strategy aimed at increasing demand for the products and services produced by its members.
Wage Rate
The standard amount of compensation received by a worker per unit of time (hour, day, etc.) for their labor.
Labor Productivity
A measure of economic performance that calculates the amount of goods and services produced per unit of labor.
Nominal Wages
Refers to the actual money paid to workers, not adjusted for inflation.
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