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There are several ways to categorize and compare different kinds of work. In economics, one popular approach is the three-sector model or variations of it. In this view, an economy can be separated into three broad categories: Primary sector, which extracts food, raw materials, and other resources from the environment
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
A time clock, sometimes known as a clock card machine, punch clock, or time recorder, is a device that records start and end times for hourly employees (or those on flexi-time) at a place of business.
An ADP Model 4500 timecard reader. Factory workers may often have a "time card" (also known as punch card) and "punch in" by inserting their card into an automatic timestamp machine (called a time clock or bundy clock) when starting and ending their work shift, though other card technologies such as swipe cards have become more prevalent.
The computer operator normally works in a server room or a data center, but can also work remotely so that they can operate systems across multiple sites. Most of their duties are taught on the job, [citation needed] as their job description will vary according to the systems they help to manage. Responsibilities of a computer operator may include:
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers , usually in exchange for a wage paid by demanding firms.
James Stuart (1767) authored the first book in English with 'political economy' in its title, explaining it just as: . Economy in general [is] the art of providing for all the wants of a family, so the science of political economy seeks to secure a certain fund of subsistence for all the inhabitants, to obviate every circumstance which may render it precarious; to provide everything necessary ...
As a manual labor occupation, to attract free workers the wages paid to laborers are higher than those paid in general to other types of unskilled workers (see dirty, dangerous and demeaning). In the United States, a union laborer earns equal or greater than most work available to anyone with a bachelor's degree.