Examlex
Labor and management at Leo Trucking cannot seem to agree upon a contract for the truck drivers. As each side contends that they are bargaining fairly, no agreement seems to be possible. The drivers are threatening to go on strike, and management knows that such a strike would prove to be costly.
-Distributive bargaining attempts to create a win-win solution for both the parties.
World's Population
The total number of people currently living on Earth.
LDCs
LDCs, or Least Developed Countries, are countries that have been classified by the UN due to their low GDP per capita, weak human assets, and high degree of economic vulnerability.
NICs
Newly Industrialized Countries, nations that have recently experienced rapid industrial growth and show signs of moving from a mainly agricultural to an industry and manufacturing-based economy.
Net National Savings Rate
A measure of the total savings of an economy after taking into account depreciation, expressed as a percentage of Gross National Product (GNP).
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