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normal labour time

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  • Labour market flexibility — refers to the speed with which labour markets adapt to fluctuations and changes in society, the economy or production.DefinitionIn the past, the most common definition of labour market flexibility was the neo liberal definition. This entailed the …   Wikipedia

  • Labour power — (in German: Arbeitskraft , or labour force) is a crucial concept used by Karl Marx in his critique of capitalist political economy. He regarded labour power as the most important of the productive forces. Under capitalism, according to Marx, the… …   Wikipedia

  • Labour-Management Relations — ▪ 1995 Introduction International Developments.       For most of the industrialized market economies, the outlook brightened as 1994 progressed, and inflationary pressures proved manageable. Unemployment, however, was forecast to rise to 8.5% in …   Universalium

  • labour law — Body of law that applies to matters such as employment, wages, conditions of work, labour unions, and labour management relations. Laws intended to protect workers, including children, from abusive employment practices were not enacted in… …   Universalium

  • labour — /lay beuhr/, n., v.i., v.t., adj. Chiefly Brit. labor. Usage. See or1. * * * I In economics, the general body of wage earners. In classical economics, labour is one of the three factors of production, along with capital and land. Labour can also… …   Universalium

  • labour market —    Since the mid 1970s the Spanish labour market has been characterized by high unemployment and a virtually continuous rise in the labour force. Whereas the employed population has changed little overall (except for normal fluctuations… …   Encyclopedia of contemporary Spanish culture

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  • Criticisms of the labour theory of value — often arise from an economic criticism of Marxism. Contents 1 Microeconomic theory 2 Supply and demand 3 Jevons 4 Menger s critique …   Wikipedia

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