Tag: labor
Job Market
What is the 'Job Market' The job market is the market in which employers search for employees and employees search for jobs....
Jerry A. Hausman
DefinitionJerry Allen Hausman is the John and Jennie S. MacDonald Professor of Economics at the Massachusetts Institute of Technology and a notable econometrician. He...
Job Hunting Expenses
What is 'Job Hunting Expenses' Costs that individuals may be allowed to deduct on their federal tax returns to reduce their total...
Variable Cost Ratio
What is the 'Variable Cost Ratio' The variable cost ratio is an expression of a company's variable production costs as a percentage...
Each Way
What is 'Each Way' A slang phrase used when a broker earns commissions from both parties in a security sale. The purchaser...
Earned Income
What is 'Earned Income' Earned income is income derived from active participation in a trade or business, including wages, salary, tips, commissions...
Capitalism
Capitalism is one of the systems of political and economic governance that is based on the idea of private ownership of modes of production...
Imperfect Market
DefinitionIn economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition. In theoretical models where conditions...
Taft-Hartley Act
What is 'Taft-Hartley Act' The Taft-Hartley Act is a federal law that was enacted in 1947 that prohibited certain union practices and...
Wage Assignment
What Is a Wage Assignment?
A wage assignment is an agreement in which an employer assigns its right to a certain amount of wages to...