👉 Non-negotiable in economics refers to an agreement or commitment that cannot be altered or changed by either party involved. This means that if one party breaches a non-negotiable agreement, they are legally liable for any consequences resulting from their actions. For example, if you sign a contract with your employer and agree not to take any unpaid leave during the summer vacation period, this is considered a non-negotiable commitment because it cannot be changed or altered by either party.
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