Examlex
If workers sign an agreement indicating that they are contractors and not employees, this is the deciding factor as to whether or not they are an employee and not the degree of control the company exercises over the employees.
Government-provided Job
Employment opportunities created and funded by the government, often aimed at reducing unemployment and stimulating economic activity.
Poverty Rate
The percentage of the population living below the national poverty line, often defined as the share of people with income less than a specific threshold indicating minimal living conditions.
Absolute Scale
A scale of measurement without any zero point or arbitrary reference point, used in fields like temperature measurement with the Kelvin scale.
Life Cycle Hypothesis
An economic theory suggesting that individuals plan their consumption and savings behavior over their lifetime, aiming for a stable level of consumption.
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