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单词 labor market flexibility
释义

labor market flexibility

Definition
Ability of a company to adjust to fluctuations in the economy and to the increase or decrease in consumers' demand for their services and products. A company's flexibility depends on several factors: work hours, cross-training, wages, location, and the adaptability of its labor force. The fewer regulations a company has governing its labor force, the greater its flexibility.
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更新时间:2025/2/2 15:51:26