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In economics, the wage share or labor share is the part of national income, or the income of a particular economic sector, allocated to wages . It is related to the capital or profit share, the part of income going to capital, [1] which is also known as the K–Y ratio. [2] The labor share is a key indicator for the distribution of income. [3]
For a business, gross income (also gross profit, sales profit, or credit sales) is the difference between revenue and the cost of making a product or providing a service, before deducting overheads, payroll, taxation, and interest payments. This is different from operating profit (earnings before interest and taxes). [1]
The basic industries of a region are identified by comparing employment in the region to national norms. If the national norm for employment in, for example, Egyptian woodwind manufacturing is 5 percent and the region's employment is 8 percent, then 3 percent of the region's woodwind employment is basic. Once basic employment is identified, the ...
The employment cost index (ECI) is a quarterly economic series detailing the changes in the costs of labor for businesses in the United States economy. The ECI is prepared by the Bureau of Labor Statistics (BLS), in the U.S. Department of Labor .
Journal of Education for Business 85.5 (2010): 274–279. Mankiw, Gregory (2011). Principles of Economics, 6th edition. Thomson Europe. Marks, Melanie, and Gemma Kotula. "Using the circular flow of income model to teach economics in the middle school classroom." The Social Studies 100.5 (2009): 233–242. Lloyd A. Metzler.
Index numbers are used especially to compare business activity, the cost of living, and employment. They enable economists to reduce unwieldy business data into easily understood terms. In contrast to a cost-of-living index based on the true but unknown utility function, a superlative index number is an index number that can be calculated. [1]
A report for the third quarter showed that the Employment Cost Index slipped to +0.4% from +0.5% in the second quarter. Bloomberg was calling for a reading of +0.5% today, but that appears to be
ROCE is used to prove the value the business gains from its assets and liabilities. Companies create value whenever they are able to generate returns on capital above the weighted average cost of capital (WACC). [3] A business which owns much land will have a smaller ROCE compared to a business which owns little land but makes the same profit.