piece price system

noun

: a convict labor system in which a private contractor furnishes the raw materials and pays the government a stipulated price for the work done on each piece or article produced

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Cite this Entry

“Piece price system.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/piece%20price%20system. Accessed 9 Jun. 2023.

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