Examlex
Discuss the significance of the management section of the business plan and what it should contain.
Minimum Wage
The lowest wage that employers may legally pay for an hour of work.
Labor Shortages
Labor shortages occur when employers have difficulty filling positions due to a lack of available, qualified candidates.
Equilibrium Wage Rates
The wage rate at which the quantity of labor demanded by employers equals the quantity of labor supplied by workers.
Strike
The withholding of labor services by an organized group of workers (a labor union).
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