Examlex
When a group of workers find that their job skills and work experience have become obsolete and are not needed by industry, this type of unemployment is:
Complex Interdependence
Complex interdependence reflects a situation in international relations where states and their fortunes are interconnected through multiple channels, diminishing the relevance of military power.
Oligopolistic Firms
Companies operating in a market structure characterized by a few dominant firms, with significant control over their pricing and market strategies.
Price Competition
A market situation where businesses attempt to attract customers by undercutting each other's prices.
Market Structure
Describes the competitive environment of a market, characterized by factors such as number of firms, product differentiation, and ease of entry.
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