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Job guarantee. A job guarantee is an economic policy proposal that aims to create full employment and price stability by having the state promise to hire unemployed workers as an employer of last resort (ELR). [1] It aims to provide a sustainable solution to inflation and unemployment . The economic policy stance currently dominant around the ...
A government-set minimum wage is a price floor on the price of labour. A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, [1] good, commodity, or service. It is one type of price support; other types include supply regulation and guarantee government purchase price.
Government procurement or public procurement is the procurement of goods, services and works on behalf of a public authority, such as a government agency. Amounting to 12 percent of global GDP in 2018, [1] government procurement accounts for a substantial part of the global economy. To prevent fraud, waste, corruption, or local protectionism ...
The New Jersey government sued the federal government in July 2023 to block the implementation of congestion pricing, with Staten Island officials as co-plaintiffs. The MTA joined the federal government as a co-defendant, [157] while taxi drivers asked Hochul to exempt them from the congestion charge. [158]
Cost-plus contract. A cost-plus contract, also termed a cost plus contract, is a contract such that a contractor is paid for all of its allowed expenses, plus additional payment to allow for a profit. [1] Cost-reimbursement contracts contrast with fixed-price contract, in which the contractor is paid a negotiated amount regardless of incurred ...
The price cuts will impact how much the government pays for the drugs as it aims to save $25 million per year by 2031. It could also save money for consumers who pay a portion of a drug's cost ...
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