piece-rate system of payment

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• differential piece-rate system — noun : a method of wage payment whereby after tests have set a standard time for a task the worker receives a high piece rate for doing the job in task time and a lower piece rate if he takes longer than task time …   Useful english dictionary

• Piece work — or piecework describes types of employment in which a worker is paid a fixed piece rate for each unit produced or action performed. Piece work is also a form of performance related pay (PRP) and is the oldest form of performance pay.In a… …   Wikipedia

• payment by results — A system of payment in which an employee s pay is directly linked to his performance. The majority are premium bonus schemes. See also piece rate; lump sum …   Big dictionary of business and management

• postal system — System that allows persons to send letters, parcels, or packages to addressees in the same country or abroad. Postal systems are usually government run and paid for by a combination of user charges and government subsidies. There are early… …   Universalium

• price system — ▪ economics Introduction       a means of organizing economic activity. It does this primarily by coordinating the decisions of consumers, producers, and owners of productive resources. Millions of economic agents who have no direct communication …   Universalium

• Transaction processing system — A Transaction Processing System To be considered a transaction processing system the computer must pass the ACID test.From a technical perspective, a Transaction Processing System (or Transaction Processing Monitor) monitors transaction programs …   Wikipedia

• 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

• money — moneyless, adj. /mun ee/, n., pl. moneys, monies, adj. n. 1. any circulating medium of exchange, including coins, paper money, and demand deposits. 2. See paper money. 3. gold, silver, or other metal in pieces of convenient form stamped by public …   Universalium

• ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

• income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

• Smart card — This article is regarding smart cards that use electrical connectors to transmit data. For smart cards that use radio see contactless smart card Contact type smart cards may have many different contact pad layouts, such as these SIMs A smart card …   Wikipedia