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Economic Theory
A set of principles and methodologies that explain and predict economic phenomena.
Market Rate
The average or standard amount of money paid for a particular job in the labor market.
CPI Rate
The Consumer Price Index (CPI) rate measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Pay as an Investment
The perspective of compensating employees as a strategic investment towards achieving the organization's goals, where better pay leads to better performance and outcomes.
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