Tag: production
What Is Planned Obsolescence
DefinitionIn economics and industrial design, planned obsolescence is a policy of planning or designing a product with an artificially limited useful life, so that...
Labor Intensive
What is 'Labor Intensive'
Labor intensive refers to a process or industry that requires a large amount of labor to produce its goods or services....
Paid-Up Capital
What is 'Paid-Up Capital' Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of...
Occupational Labor Mobility
What is 'Occupational Labor Mobility' Refers to the ease with which workers can switch career fields to find gainful employment or meet...
Vagit Y. Alekperov
What is 'Vagit Y. Alekperov' The founder of major Russian oil company Lukoik. Lukoil began as Langepas-Uray-Kogalymneft, a Russian state-owned energy company...