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Chapters 18 & 19: Human Resources in Our Economy & Planning a Career

AB
Derived DemandA demand for factors of production affected by consumer demand for a product or service.
DownsizingPlanned reduction in the number of employees needed in a firm.
Goods-producing Industry`Businesses that manufacture many kinds of products.
ImmigrantsPeople from other countries who come to live in our country.
Service-producing IndustryBusinesses that perform services to satisfy th eneeds of other businesses & consumers.
Work ForceAll people 16 years & older who are employed or are looking for a job.
Blue Collar WorkerA person whose work primarily involves the operation of machinery & equipment.
White Collar WorkerA person whose work involves contact with many people & the handling & processing of information.
ApprenticeEarning money while learning a trade from a master worker
Associate DegreeTwo years of postsecondary education

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