price of labour power
1Labour power — (in German: Arbeitskraft , or labour force) is a crucial concept used by Karl Marx in his critique of capitalist political economy. He regarded labour power as the most important of the productive forces. Under capitalism, according to Marx, the… …
2Labour and Labour Legislation — • Labour is work done by mind or body either partly or wholly for the purpose of producing utilities Catholic Encyclopedia. Kevin Knight. 2006. Labour and Labour Legislation Labour and Labour Legislation …
3Labour 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… …
4labour economics — Study of how workers are allocated among jobs, how their rates of pay are determined, and how their efficiency is affected by various factors. The labour force of a country includes all those who work for gain in any capacity as well as those who …
5labour-market — In a labour market, human effort (or labour power) is made into a commodity, which is bought and sold under terms which in law are deemed to constitute a contract. The purchase and sale of formally free labour developed extensively with… …
6labour theory of value — The idea that labour is the ultimate source of all wealth a commonplace among the early political economists . Adam Smith , for example, argued that, in a market society in which workers owned their own means of production, the prices of goods… …
7Labour law — concerns the inequality of bargaining power between employers and workers. Labour law (also called labor law or employment law) is the body of laws, administrative rulings, and precedents which address the legal rights of, and restrictions on,… …
8Labour Party (UK) — Labour Party …
9Power dispute of 1964 — The power dispute of 1964 was an industrial action by electric power workers in the United Kingdom that raised fears of power cuts which were ultimately averted through negotiation with the employers.Unions representing 128,000 manual workers… …
10labour — [[t]le͟ɪbə(r)[/t]] ♦ labours, labouring, laboured (in AM, use labor) 1) N UNCOUNT: also N in pl, oft supp N Labour is very hard work, usually physical work. → See also hard labour ...the labour of seeding, pla …
