Examlex
In a non-profit public setting of a high school, a principal who strives to outdo her predecessors and become the best principal possible would be satisfying his ________.
Monopsonist
A market condition where there is only one buyer for a product or service, giving them significant power over prices.
Labor Union
An organization representing workers' interests in negotiations with employers over wages, benefits, working conditions, and other employment terms.
Supply of Labor
The total hours that workers are willing and able to work at a given wage rate, within a given period.
Wage Rates
The amount of money paid to an employee for work performed, typically expressed per hour or year.
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