(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.
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Offshoring: The process of moving certain business operations or functions to a different country, often to reduce costs.
Natural monopoly: Occurs when one firm can serve a market most efficiently, making competition impractical.
Blue-collar worker: A worker typically engaged in manual or industrial work, often involving physical labor.
Featherbedding: The practice of creating unnecessary jobs within a company to employ more workers than are actually needed, often as a result of a labor union agreement.
Perfect competition: A market structure characterized by many sellers offering identical products, where no single firm has a significant influence on market price.
Commodity: An item or product that is the same, regardless of who produces it, often traded based on standard quality and price.
Temporary labor: Refers to foreign individuals who are allowed to work in a country for a limited period, sometimes known as "guest workers."
Mediation: The process of resolving labor disputes through a neutral third party who helps the parties involved reach a mutually agreeable solution.
Strike: The process of organized withdrawal of labor by workers to protest against workplace conditions or negotiate better terms with their employer.
Collective bargaining: The negotiation process between employees and their employer to reach an agreement on various employment terms, such as wages, working conditions, and benefits.
Labor and Employment Terms:
Antitrust laws: Laws designed to promote fair competition and prevent monopolies, ensuring that markets remain open and competitive.
Glass ceiling: An invisible barrier that limits the advancement of certain individuals, often women or minorities, in their careers due to discrimination or bias.
Startup costs: The initial expenses a business incurs when entering a market, which can act as barriers to new firms.
Screening effect: The phenomenon where workers become more efficient and productive as they gain experience and expertise in a particular job.
Glass Ceiling and Labor Union Terms:
Patent: The exclusive right to produce or sell a product for a certain number of years, protecting the inventor's intellectual property.
Economies of scale: The cost advantages that a business can achieve due to its size, such as lower production costs per unit as output increases.
Price discrimination: The practice of charging different prices to different customers for the same product or service, based on various factors like location, demand, or customer characteristics.
Outsourcing: The practice of a company hiring employees from other countries to perform tasks and services usually handled by in-house employees.
White-collar worker: Employees engaged in professional, administrative, or managerial roles.
Predatory pricing: A pricing strategy involving selling a product at very low prices to drive competitors out of the market, with the intention to later raise prices when competition is reduced.
Right-to-work law: A legal principle that allows employees in certain U.S. states to choose whether or not to join a labor union and pay union dues as a condition of employment.
Labor union: An organization formed by workers to protect their rights, negotiate with employers, and improve working conditions.
Monopoly: A market structure with only one seller, and there are no close substitutes for its product.
