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The theory of compensating wage differentials, by Adam Smith, provides a theoretical framework of the ideology behind pay differences. The theory explains that jobs with undesirable characteristics will compensate with higher wages compared to the popular, more desirable jobs, who provide lower wages to its workers. [13]
Monetary compensatory amounts (MCAs) were border measures in the EU consisting of taxes and subsidies formerly applicable to intra-EC trade in agricultural and food products for which intervention prices were set.
Electronic bending tool with integrated angle measurement and spring-back compensation. Manufacturing of electrical assemblies produces components that are flat, using copper and aluminum.
The risk premium is used extensively in finance in areas such as asset pricing, portfolio allocation and risk management. [2] Two fundamental aspects of finance, being equity and debt instruments, require the use and interpretation of associated risk premiums with the inputs for each explained below:
The Air Passengers Rights Regulation 2004 [1] [2] (Regulation (EC) No 261/2004) is a regulation in EU law establishing common rules on compensation and assistance to passengers in the event of denied boarding, flight cancellations, or long delays of flights.
Liebig's law has been extended to biological populations (and is commonly used in ecosystem modelling).For example, the growth of an organism such as a plant may be dependent on a number of different factors, such as sunlight or mineral nutrients (e.g., nitrate or phosphate).
The Corfu Channel incident consists of three separate events involving Royal Navy ships in the Channel of Corfu which took place in 1946, and it is considered an early episode of the Cold War.
In economics, an externality is an indirect cost (external cost) or benefit (external benefit) to an uninvolved third party that arises as an effect of another party's (or parties') activity.