piece wages

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• wages — Compensation for manual labor, skilled or unskilled, paid at stated times, and measured by the day, week, month, or season. Sums paid as hire or reward to domestic or menial servants, artisans, mechanics, laborers, and other employees of like… …   Ballentine's law dictionary

• piece rate — noun : the price per unit of production paid to a pieceworker * * * compensation based on a worker s quantitative output or production, usually an agreed sum per article of work turned out. [1890 95] * * * piece rate noun A fixed rate paid… …   Useful english dictionary

• Efficiency wages — In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the… …   Wikipedia

• Board wages — Board Board (b[=o]rd), n. [OE. bord, AS. bord board, shipboard; akin to bred plank, Icel. bor[eth] board, side of a ship, Goth. f[=o]tu baurd footstool, D. bord board, G. brett, bort. See def. 8. [root]92.] 1. A piece of timber sawed thin, and of …   The Collaborative International Dictionary of English

• Capital, Volume I — is the first of three volumes in Karl Marx s monumental work, Das Kapital, and the only volume to be published during his lifetime. Originally published in 1867, Marx s aim in Capital, Volume I is to uncover and explain the laws specific to 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

• State capitalism — State capitalism, in its classic meaning, is a private capitalist economy under state control. This term was often used to describe the controlled economies of the great powers in the First World War. [cite encyclopedia encyclopedia = Blackwell… …   Wikipedia

• United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

• Principal-agent problem — In political science and economics, the principal agent problem or agency dilemma treats the difficulties that arise under conditions of incomplete and asymmetric information when a principal hires an agent. Various mechanisms may be used to try… …   Wikipedia

• Circumstances prior to the Malayan Emergency — In 1948, the Communists and the British colonial government in Malaya entered a period of guerrilla fighting which has become known to history as the Malayan Emergency. The name derives from the state of emergency declared by the colonial… …   Wikipedia

• United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium