Examlex
Systems resistance is term to describe a common response to any major change initiative, where individuals fail to accept the change and strive to maintain the status quo.
Institutional Barriers
Obstacles created by cultural, legal, and organizational structures that hinder the progress or implementation of policies or operations.
Wage Flexibility
The ability of wages to adjust to changes in market conditions, including the supply and demand for labor.
Price Flexibility
The ease with which prices can adjust in response to changes in supply and demand in the market.
Say's Law
A principle that asserts that supply creates its own demand, meaning production of goods will naturally lead to their consumption.
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