A | B |
labor force | all people who are at least 16 and are working or actively looking for work |
wage | the hourly, weekly, monthly or yearly pay that a worker receives |
intrinsic rewards | nonmonetary reasons for working at a particular job |
derived demand | the demand for workers and other resources is derived from the consumers demand for the good |
industrialization | the process of mechanizing all major forms of production |
capital-intensive | dependent on machines to produce goods |
labor-intensive | producing goods primarily through animal and human power |
affirmative action | making up patterns of discrimination against women, members of minority groups and other disadvantaged in the workplace |
quotas | numerical goals |
labor union | organization of workers that negotiates with employers for better wages, etc. |
open shops | workers do do not have to join a union |
closed shops | workers can only be hired if they join the union |