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Simone British
on Nov 26, 2024

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Piece-rates may not be appropriate pay in some situations because they might reduce product quality.

Piece-rates

A payment method where workers are paid a fixed rate for each unit of production completed, incentivizing higher productivity.

Product Quality

The characteristics of a product or service that bear on its ability to satisfy stated or implied needs; a measure of excellence.

  • Understand the idea and consequences of efficiency wages within the labor market.
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DW
Dwight WilsonDec 02, 2024
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