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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 ...
The everyday usage of the word unemployed is usually broad enough to include disguised unemployment, and may include people with no intention of finding a job. For example, a dictionary definition is: "not engaged in a gainful occupation", [7] which is broader than the economic definition.
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
A union official that identifies more with the boss than with the workers, or who is "on the take". From the hobo definition, one who hangs around and lives on a remittance man or some other person with money Pie in the sky A reward in heaven for working hard on earth while hungry. Used in the song The Preacher and the Slave by Joe Hill. Play ...
For example, a five-year loan of $1,000 with simple interest of 5 percent per year would require $1,250 over the life of the loan ($1,000 principal and $250 in interest).
Discouraged Workers (US, 2004-09) In the United States, a discouraged worker is defined as a person not in the labor force who wants and is available for a job and who has looked for work sometime in the past 12 months (or since the end of his or her last job if a job was held within the past 12 months), but who is not currently looking because of real or perceived poor employment prospects.
Featherbedding is the practice of hiring more workers than are needed to perform a given job, or to adopt work procedures which appear pointless, complex and time-consuming merely to employ additional workers. [1] The term "make-work" is sometimes used as a synonym for featherbedding.
Resolving conflicts constructively and building high-performing teams are topics of interest in human resource management. Strategies for conflict prevention can contribute to a harmonious work environment conducive to productivity. Conflicts, though inevitable in any professional setting, can disrupt workflow and hinder progress. Effective ...