| A | B |
|---|
| fixed expenses | expenses that do not change and required |
| deficit | when expenses are higher than revenue in a budget |
| revenue | income in a budget |
| total compensation | the combination of wages and benefits to an employee |
| labor union | group of employes formed for bargaining |
| retail price | price of a good to a consumer |
| wholesale price | price of a good to the retailer |
| mediator | the person who tries to resolve disputes |
| inflation | when the cost of living is higher than wage increases |
