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The meaning of this is that in equilibrium the total demand for goods must equal total income. Total demand for goods is the sum of demand for consumption goods and demand for investment goods. Hence Y = C(Y) + S(Y) = C(Y) + I (r); and this equation determines a unique value of Y given r.
Gustav Klaus said it was the most accurate description of working life in verse, and praised Duck's recognition that work deserved a literary treatment. [1] "The Thresher's Labour" became the voice, in a sense, for the rural labourers who were oppressed.
The first-century CE rabbi Tarfon is quoted as saying "The day is short, the labor vast, the workers are lazy, the reward great, the Master urgent." (Avot 2:15). A light-hearted version in England, thought to have originated in Shropshire, is the pun "Bars longa, vita brevis" i.e. so many bars (or pubs) to visit, in so short a life.
If labour produces useless products or results, it is simply a waste of labour-time and difficult or impossible to sell them. So, Marx argues that human work is both (1) an activity which, by its useful effect, helps to create particular kinds of products, and (2) in an economic sense a value-forming activity that, if it is productively applied ...
It is celebrated on the first Monday in September every year
Work or labor (labour in British English) is the intentional activity people perform to support the needs and desires of themselves, other people, or organizations. [1] In the context of economics , work can be viewed as the human activity that contributes (along with other factors of production ) towards the goods and services within an economy .
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In the evening, the workers came to receive their wages and he gave him his total wages with them. The workers complained and said: we were toiling the entire day and this one did toil only for two hours and he gave him his total wages with us! The king told them: This one produced in two hours more than what you produced all day long.