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wages theory

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  • Wages — Wa ges (w[=a] j[e^]z), n. plural in termination, but singular in signification. [Plural of wage; cf. F. gages, pl., wages, hire. See {Wage}, n.] 1. A compensation given to a hired person for services; price paid for labor; recompense; hire. See… …   The Collaborative International Dictionary of English

  • Wages fund — Wages Wa ges (w[=a] j[e^]z), n. plural in termination, but singular in signification. [Plural of wage; cf. F. gages, pl., wages, hire. See {Wage}, n.] 1. A compensation given to a hired person for services; price paid for labor; recompense; hire …   The Collaborative International Dictionary of English

  • wages-fund theory — noun see wage fund theory * * * wage fund, wages fund or wages fund theory noun The former theory that there is at any given time in a country a determinate amount of capital available for the payment of labour, therefore the average wage depends …   Useful english dictionary

  • wages fund — wage fund, wages fund or wages fund theory noun The former theory that there is at any given time in a country a determinate amount of capital available for the payment of labour, therefore the average wage depends on the proportion of this fund… …   Useful english dictionary

  • Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background …   Wikipedia

  • Split labor market theory — Theory Overview= A split labor market is a three way conflict between the Capitalist and two labor groups with the Capitalist seeking to displace higher paid workers by cheaper labor.cite journal last= Bonacich first= Edna year= 1972 month=… …   Wikipedia

  • Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …   Wikipedia

  • distribution theory — ▪ economics Introduction       in economics, the systematic attempt to account for the sharing of the national income among the owners of the factors of production land, labour, and capital. Traditionally, economists have studied how the costs of …   Universalium

  • Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… …   Wikipedia

  • Subsistence theory of wages — The Subsistence Theory of Wages, also known as the Iron Law of Wages, was a law of economics that asserted that real wages in the long run would trend toward the value needed to keep the workers population constant. The alleged law was named and… …   Wikipedia

  • wage theory — ▪ economics       portion of economic theory that attempts to explain the determination of the payment of labour.       A brief treatment of wage theory follows. For full treatment, see wage and salary.       The subsistence theory of wages,… …   Universalium

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