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Q: What effect did a lack of guarantees of worker safety have on the economy?
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What is capital per worker?

Capital per worker is a measure of the amount of capital within an economy. The higher quality capital per worker, the more is produced by each type of worker.


Does socialism economic system reduce the unemployment?

A socialist economic system eliminates unemployment by employing all able workers. If there is a surplus of workers, average working hours are reduced. The reduction in wages is made up to each individual worker through owning a share of industry (public ownership of the means of production). In effect, while a capitalist economy suffers unemployment from increasing automation, a socialist economy could just reduce the average working day for each worker while maintaining full employment.


What effect might high worker productivity have on determining the earnings of workers?

A high worker productivity may have a positive on determining the earnings of workers. You could choose to pay workers per completed work and not an hourly rate.


Is America a mixed economy?

It has a market economy, whereas some strategic industries such as water, oil and electricity are owned by the government. This however, is also changing: recent reforms will allow private investment on them as well and Mexico will become a fully market-oriented economy within the following couple of years.


Discuss the factors which determine the standard of living in a mixed free enterprise economy?

In a miled free enterprise economy each worker believe that he has the ability to improve his standard of living by hard work. Because of the promise of a better life through hard work, the standard of living is, indeed, improved. With the improved standard of living the economy improves. They feed off each other, and the cycle continues to improve.

Related questions

What has the author Vernon Mogensen written?

Vernon Mogensen has written: 'Worker Safety Under Siege' 'Worker Safety Under Seige'


What 3 roles does a worker play in Occupational Health and Safety meetings?

what 3 roles does a worker play in work place health and safety meetings


How does the discouraged worker effect reduce the unemployment rate?

The discouraged worker effect refers to individuals who have given up looking for work and are no longer counted as unemployed. When these individuals are not included in the official unemployment rate calculation, it can artificially reduce the unemployment rate. This effect can make the labor market appear stronger than it actually is, as it masks the true extent of joblessness in the economy.


Why are child and worker safety important?

Child and worker safety is important to prevent injuries. These cause the workforce to lose confidence and become less productive as a result of injuries.


What is a 'safety critical worker'?

A "safety critical" worker is one whose actions or inactions can impact the safety of others and who therefore must be in good mental condition, unimpaired by drugs or medication, while performing his or her assigned function.


What is purpose of wages?

to help the worker and to help the economy of the country


What is capital per worker?

Capital per worker is a measure of the amount of capital within an economy. The higher quality capital per worker, the more is produced by each type of worker.


To me as a worker OSHA IS VERY IMPORTANT for my job safety and health?

Yes


is there any Manufacture for safety helmets, safety jacket, safety belt and safety shoes?

Industrial Construction Safety Helmets For Worker Manufacturers in India, safety helmet with ratchet, with ventilation holes, labour safety helmet we deals in all type of safety products for eg: (Industrial Safety Helmets, Construction Helmet, safety helmet manufacturers in india, ratchet safety helmet, safety helmet with ratchet, safety helmet with ventilation holes, construction safety helmets, construction worker helmet, labour safety helmet,industrial helmet)


What are workers safety needs in a company?

A Worker's safety needs are very basic:Understand how to do the work safelyBe provided appropriate safety equipment and instruction on how to use and maintain itDo the work safelyOthers do their work safelyThe worker goes home in the same condition in which she arrived at work.


Which governmental body is responsible for safety of the worker at a hazardous waste site?

OSHA


How do you answer explain how you show a safety conscious approach to your work?

There are many different approaches to safety. What a teacher might propose as an approach to safety might be very different that a construction worker's approach to safety.