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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2652 |
Essay's paper body
It helps business by ensuring companies will be able to compete on the basis of quality of the goods and services they provide and not on low prices based predominantly on low rates of pay. The rates set are based on the recommendations of the independent Low Pay Commission. (Department for Business Enterprise and Regulatory Reform)
Given a limited level of production or quantity of products and services which can be bought by the wages and thus represents the maximum real value of all wages paid in society, differentials are the only means for determining the individual level of wages...
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It helps business by ensuring companies will be able to compete on the basis of quality of the goods and services they provide and not on low prices based predominantly on low rates of pay. The rates set are based on the recommendations of the independent Low Pay Commission. (Department for Business Enterprise and Regulatory Reform)
Given a limited level of production or quantity of products and services which can be bought by the wages and thus represents the maximum real value of all wages paid in society, differentials are the only means for determining the individual level of wages...
Essay fragment
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