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below-equilibrium wage

См. также в других словарях:

  • wage and salary — ▪ economics Introduction       income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… …   Universalium

  • Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… …   Wikipedia

  • Economic equilibrium — Price of market balance: P price Q quantity of good S supply D demand P0 price of market balance A surplus of demand when P<P0 B surplus of supply when P>P0 In economics, economic equilibrium is a state of the world where economic forces… …   Wikipedia

  • Economics — This article is about the social science. For other uses, see Economics (disambiguation). For a topical guide to this subject, see Outline of economics. Economics …   Wikipedia

  • Price floor — A price floor is a government or group imposed limit on how low a price can be charged for a product. [cite web url=http://dictionary.reference.com/browse/Price%20floor title=Price floor Definitions from Dictionary.com… …   Wikipedia

  • Types of unemployment — Economists distinguish between four major types of unemployment, i.e., cyclical, frictional, structural and classical. (Another distinction, not discussed here, is between voluntary and involuntary unemployment.) Real world unemployment may… …   Wikipedia

  • Market clearing — When markets clear, they are priced so that the entire supply is sold. However, retail stores usually restock goods as they are sold. In economics, market clearing refers to either a simplifying assumption made by the new classical school that… …   Wikipedia

  • Hysteresis — Not to be confused with Hysteria. Fig. 1. Electric displacement field D of a ferroelectric material as the electric field E is first decreased, then increased. The curves form a hysteresis loop. Hysteresis is the dependence of a system not… …   Wikipedia

  • Unemployment — World unemployment rates[1] as of January 2009[update] Unemployment (or …   Wikipedia

  • Phillips curve — The Phillips curve is a historical inverse relation between the rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of increase in wages paid to labor in that… …   Wikipedia

  • Okishio's theorem — is a mathematical theorem formulated by Japanese economist Nobuo Okishio. It has had a major impact on debates about Marx s theory of value. Intuitively, it can be understood as saying that if one capitalist raises his profits by introducing a… …   Wikipedia

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