unlike self-interest, it involves a group of people instead.
Ceteris paribus and self-interest
Phenomenon: Anything which is observable; a person or event of special interest.
China is considered to be a collective culture. In a collective culture, people are expected to think about the good of all above themselves.
The present value depends on assumptions made about interest or inflation rates for the future.
The functions of bargaining agent is to intercede on behalf of the employees interest collectively.
Brenda L. Kennedy has written: 'Interest-based collective bargaining'
Using excessively obscure vocabulary can cause you to lose the interest of your audience.vague assumptions
A mortgage calculator will help one understand the amount one will have to repay given a set of interest rate and mortgage duration assumptions. It will also be useful in understanding the impact on repayments if the interest rate were to rise.