The act or circumstance of providing the individual who was hurt with an acceptable benefit in order to make up for their loss, damage, or injury. The payment of wages is another illustration of compensation.
The gain achieved from taking steps to lower an organization's overall asset expenditure, which has a direct impact on its bottom line, is referred to as a cost savings. Productivity increases and decreased supply procurement costs are two techniques for decreasing expenses. Compensation is one of the most important business procedures that may build or break a partnership.
It makes no difference if Felix pays Oscar to clean up after him or if Oscar pays Felix to make up for his error. Either idea might work as long as it is put into practice and living together saves more money than the private alternative does for each member involved.
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