Examlex
When recruiting employees,human resource managers focus primarily on the skills and training of the people they are recruiting,and work on determining "fit" after the hiring process has occurred.
With the current emphasis on teamwork,empowerment,and participative management,it is important to find workers who not only have the desired skills,but who also fit in with the culture and leadership style of the organization.
Demand Curve
The demand curve is a graphical representation showing the relationship between the price of a good or service and the quantity demanded for a given period.
Economic Rent
Extra earnings above the minimum amount necessary for a resource to remain in its current use, often arising from scarcity or market control.
Natural Resources
Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.
Market Prices
The current price at which a good or service can be bought or sold in an open market, determined by supply and demand dynamics.
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