0
Marshall defines labor as, "any exertion of mind or body undergone partly or wholly with a view to reach some goods other than the pleasure derived directly from the work."
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the definition of marginal output of labor?
The change in output that results from employing an added unit of labor (hiring 1 extra person).
Is a computer a capital resorce?
YES. A computer or any other labor-saving device is considered capital under an economics definition.
What is the definition of domestic trade?
domestic trade is the one which takes place within a country.It is free to move around factors of production like land, labor, capital and labor capital and entrepreneurship from one state to another within the same country
What is labor force in economics and what are its determinants?
By definition, the labor force is the number of people employed and unemployed in an economy. The number employed is determined by people who currently hold jobs. The Fed uses 1 hour per week as employment. The number of unemployed is determined by those who do not have a job AND are actively seeking employment.
What is a simple definition of equilibrium wage?
In economics, the equilibrium wage is the wage rate that produces neither an access supply of workers nor an excess demand for workers and labor ...en.wikipedia.org/wiki/Equilibrium_wage
What is the definition of labor in economics?
the definition of labor and economic
When was Marshalls created?
Marshalls was created in 1956.
How long is marshalls open on Sundays?
Marshalls is open from 11am-8pm
What is the definition of employee in labor law?
It depends on the state.
Is marshalls expensive?
Marshalls is not expensive. They are a deeply discounted store which sells designer fashions and shoes. Marshalls is a good alternative to the regular department stores.
What is the definition of polo system of spanish era?
forced labor
What is the definition of the word volunteerism?
The definition of the word volunteerism refers to the use or involvement of volunteer labor esp. in community services. One that volunteers partakes in manual labor without being paid.
What is the definition for labor resources?
Labour resources are resources of available manpower.
What is the definition of labor ratios?
cost relationship between direct and indirect.
what was the reason of marshalls plan?
i have no answer
What is the definition of marginal output of labor?
The change in output that results from employing an added unit of labor (hiring 1 extra person).
What is the definition of slave labor?
Being forced to work against your will, and not being paid for it.
