Examlex
A retirement dinner is a good example of rite of enhancement.
Higher Wage
An increased rate of pay or salary for employees, often sought after in negotiations or as a result of economic or institutional changes.
Leisure Time
Time that an individual can spend at their own discretion, not occupied by work or domestic responsibilities.
Substitution Effect
The change in consumption patterns due to a change in the relative prices of goods, leading consumers to replace more expensive items with less costly alternatives.
Higher Wage
Refers to an increase in the amount of money that an employee receives for performing one hour or another standard unit of work.
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