Term
| According to economic theory, what happens to job opportunities in low-paying jobs when the minimum wage goes up? |
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Definition
| quantity of labor demanded decreases |
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Term
| For what kind of discrimination does the EEOC handle complaints? |
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Definition
| handles complaints of job discrimination; if necessary takes companies to court to force them to comply with the law. |
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Term
| When did labor unions begin to gain some legal rights in the United States? |
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Definition
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Term
| what are some of the differences between a corporation and other kinds of businesses? |
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Definition
| corporations are legal entities owned by individual stockholders |
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Term
| what are some of the advantages of sole proprietorship? |
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Definition
Ease of start-up
Few regulations
sole receiver of profit
full control
easy to discontinue. |
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