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Catalog merchant. A catalog merchant ( catalogue merchant in Commonwealth English) is a form of retailing. The typical merchant sells a wide variety of household and personal products, with many emphasizing jewelry. Unlike a self-serve retail store, most of the items are not displayed; customers select the products from printed catalogs in the ...
The price–specie flow mechanism is a model developed by Scottish economist David Hume (1711–1776) to illustrate how trade imbalances can self-correct and adjust under the gold standard. Hume expounded his argument in Of the Balance of Trade, which he wrote to counter the Mercantilist idea that a nation should strive for a positive balance ...
A living wage is defined as the minimum income necessary for a worker to meet their basic needs. This is not the same as a subsistence wage, which refers to a biological minimum, or a solidarity wage, which refers to a minimum wage tracking labor productivity. Needs are defined to include food, housing, and other essential needs such as clothing.
Retail format. The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services are exchanged. In some parts of the world, the retail sector is still dominated by ...
Cave paintings and pictorial evidence suggest the existence of dress in the Paleolithic period, around 30,000 years ago, though these were skin drapes. Textile clothing came to notice around 27,000 years ago, while actual textile fragments from 7000 B.C. have been discovered by archeologists.
The minimum wage for permanent government workers was ؋6,000 (US$74) per month (Afs. 72,000 per annum). There was no minimum wage for permanent workers in the private sector. 858: 3,272. 40 0.41: 1.57. 168.3 % 2017 Albania: L40,000 (US$430) per month (480,000 lek per annum). The law establishes a 40-hour workweek, but the actual workweek is ...