German model

The term German model is most often used in economics to describe post-World War II West Germany's means of using (according to University College London Professor Wendy Carlin) innovative industrial relations, vocational training, and closer relationships between the financial and industrial sectors to cultivate economic prosperity.

Industrial relations

Under the German model, unions are organized at the industry level and co-exist with works councils at both the plant and company levels. These unions negotiate wage determination with employers' associations. The strength of this setup is the cooperation among unions and management councils. This is unique among Western countries, which have been marked by either substantial weakening of union powers (such as in the United States and United Kingdom) over the last twenty years, or consistent union conflict (such as in France and Italy, where unions have remained strong).

Consensus model

As in relations between unions and employers, the German model also seeks to harmonize relations between regulatory bodies and affected parties, as well as between individual companies to prevent ruinous competition within the scope of applicable antitrust law. Considered an outgrowth of the non-confrontational culture of postwar Germany, finding a common denominator was often the main goal in such relationships.

Greatest hits album

A greatest hits album, sometimes called a "best of" album or a catalog album, is a compilation of songs by a particular artist or band. Most often the track list contains previously released recordings with a high degree of notability. However, to increase the appeal, especially to people who already own the original release, it is common to include remixes and/or alternate takes of popular songs; even new material (previously unreleased). At times a greatest hits compilation is the original release for songs that have themselves been released as a single and charted successfully.

Notable compilations

Madonna's The Immaculate Collection is the best selling greatest hits compilation by a solo artist; all of the songs on it are presented in different versions than the original hit versions. The Eagles' Their Greatest Hits (1971–1975) is the best selling greatest hits compilation by a group and also one of the ten best selling albums in history. Greatest hits albums are typically produced after an artist has had enough successful songs to fill out an album release. Some artists, such as Mariah Carey, Madonna, Janet Jackson, Britney Spears, Elvis Presley, Michael Jackson, The Beatles, Kenny Rogers, Aerosmith, Kiss, U2, Dolly Parton, Journey, Los Tigres del Norte, Queen, Kylie Minogue and Billy Joel, have released multiple greatest hits albums through their long careers. Some greatest hits albums are released only at the end of the artist or group's career. For example, My Chemical Romance released a greatest hits album after they disbanded. Other artists, like Eminem have released hits albums in the center of their success. He released Curtain Call: The Hits in 2005 and then Shady XV as a compilation album in 2014.