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Economics chapter 8, section 1 & 2

AB
labor forceall people who are at least 16 and are working or actively looking for work
wagethe hourly, weekly, monthly or yearly pay that a worker receives
intrinsic rewardsnonmonetary reasons for working at a particular job
derived demandthe demand for workers and other resources is derived from the consumers demand for the good
industrializationthe process of mechanizing all major forms of production
capital-intensivedependent on machines to produce goods
labor-intensiveproducing goods primarily through animal and human power
affirmative actionmaking up patterns of discrimination against women, members of minority groups and other disadvantaged in the workplace
quotasnumerical goals
labor unionorganization of workers that negotiates with employers for better wages, etc.
open shopsworkers do do not have to join a union
closed shopsworkers can only be hired if they join the union



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