A person’s next best alternative among all options in a particular transaction. Also known as: fallback option. See also: reservation […]

The lowest price at which someone is willing to sell a good (keeping the good is the potential seller’s reservation […]

What an employee would get in alternative employment, or from an unemployment benefit or other support, were he or she […]

The minimum acceptable price for an item at auction. This number is not necessarily revealed to bidders.

The amount of a natural resource that is economically feasible to extract given existing technologies. See also: resources (natural).

The person who receives the income left over from a firm or other project after the payment of all contractual […]

Resilience is associated with greater job satisfaction, work happiness, organizational commitment and employee engagement. Raising resilience contributes to improved self-esteem, […]

The estimated total amount of a substance in the earth’s crust. See also: reserves (natural resource).

Behavior that shows regard for another person with esteem, deference, and dignity. It is a personal commitment to honor other […]

Respect is defined as to feel or show esteem or honor for someone or something.