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Home -› Economics
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-› Efficiency Wage Theory
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Social Science Categories
| Definition Of: | ||
Efficiency Wage Theory
the theory that paying higher wages (up to a point) lowers total production costs, for instance by leading to a more productive labor force.
See also: Demographic Effects , Credit Rationing , Causation , Trade-Off , Willingness To Accept (WTA) |
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Environmental Economics Dictionary INDEX:List of Terms: Terms beginning with "A", Page 1 |
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Page Number:
1 A: Page 1 of 1. |
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