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Explain how using GDP may not be a very good measure of overall social welfare.
Replacement Workers
Individuals who are hired to substitute for striking or locked-out employees during labor disputes.
Government Regulations
Rules or directives made and maintained by a government to regulate behavior and enforce compliance, often found in industries to protect public welfare.
Employment Conditions
The various aspects of a job that an employee agrees to when they accept employment, including salary, hours, and work environment.
Social and Economic
Pertaining to the intersection of social relations, systems, and economic activity within a society.
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