capital labour ratio
1capital-intensive production — This refers to techniques of production , and represents the proportion of capital (machinery, equipment, inventories) relative to labour , measured by the capital labour ratio. The term is frequently used in the development literature to… …
2Capital accumulation — Most generally, the accumulation of capital refers simply to the gathering or amassment of objects of value; the increase in wealth; or the creation of wealth. Capital can be generally defined as assets invested with the expectation that their… …
3Capital, 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… …
4Labour economics — seeks to understand the functioning of the market and dynamics for labour. Labour markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers), the demanders of labour… …
5organic composition of capital — The ratio between constant and variable capital in total capital , measured in value terms. In lay terms this can be understood as the capital/labour ratio, or the proportion of output contributed by raw materials, machinery and other inputs,… …
6Labour productivity — is defined by the OECD to be the ratio of a volume measure of output to a volume measure of input OECD Manual: “Measuring Productivity; Measurement of Aggregate and Industry Level Productivity Growth.” (2002) Volume measures of output are… …
7capital and interest — ▪ economics Introduction in economics, a stock of resources that may be employed in the production of goods and services and the price paid for the use of credit or money, respectively. Capital in economics is a word of many meanings …
8capital-intensive — Denoting a technique of production that requires a high ratio of capital to labour costs. Compare labour intensive …
9Organic composition of capital — Part of a series on Marxism …
10Abstract labour and concrete labour — Part of a series on Marxism …
