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equilibrium wage

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  • Wage regulation — refers to attempts by a government to regulate wages paid to citizens.Minimum wageMinimum wage regulation attempts to set an hourly, or other periodic monetary standard for pay at work. A recent example was the U.K. National Minimum Wage Act 1998 …   Wikipedia

  • 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

  • Classical general equilibrium model — The classical general equilibrium model aims to describe the economy by aggregating the behavior of individuals and firms. Note that the classical general equilibrium model is unrelated to classical economics, and was instead developed within… …   Wikipedia

  • Computable general equilibrium — (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium)… …   Wikipedia

  • Intertemporal equilibrium — is a notion of economic equilibrium conceived over many periods of time. The term has a different meaning in contemporary macroeconomics from its earlier meaning in Austrian economics. Meaning in contemporary macroeconomicsIn New Classical or New …   Wikipedia

  • Labour economics — seeks to understand the functioning of the market and dynamics for labour. Labour markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers), the demanders of labour… …   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

  • Criticism of capitalism — This article lists arguments against capitalism, For a summary of ideologies opposed to capitalism, see Anti capitalism. Part of a series on Capitalism …   Wikipedia

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