subsistence wages
11starvation wages — noun : wages insufficient to provide the ordinary necessities of life * * * wages below the level necessary for subsistence. [1885 90] * * * starvation wages UK US noun [plural] a small amount of money that someone earns that is not enough for… …
12iron law of wages — Econ. the doctrine or theory that wages tend toward a level sufficient only to maintain a subsistence standard of living. Also called brazen law of wages. [1895 1900] * * * …
13starvation wages — /staˈveɪʃən weɪdʒəz/ (say stah vayshuhn wayjuhz) plural noun wages insufficient to support the earner and dependants, if any, above subsistence level …
14Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …
15Dual-sector model — This article is about the economic model. For the diagram representing atomic bonding, see Lewis structure. Sir W. Arthur Lewis Sir William Arthur Lewis, official Nobel Prize photo …
16Transformation problem — In 20th century discussions of Karl Marx s economics the transformation problem is the problem of finding a general rule to transform the values of commodities (based on labour according to his labour theory of value) into the competitive prices… …
17ECONOMIC HISTORY — This article is arranged according to the following outline: first temple period exile and restoration second temple period talmudic era muslim middle ages medieval christendom economic doctrines early modern period sephardim and ashkenazim… …
18Kapital, Das — ▪ work by Marx GermanCapital [3 vol., 1867, 1885, 1894] one of the major works of the 19th century economist and philosopher Karl Marx (Marx, Karl) (1818–83), in which he expounded his theory of the capitalist (capitalism) system, its… …
19Plantation — For other uses, see Plantation (disambiguation). A pine plantation in the United States. Plantations are usually easily distinguished from natural forests by the trees being planted in straight lines. A plantation is a large artificially… …
20Speenhamland system — The Speenhamland system was a form of outdoor relief intended to mitigate rural poverty in England during the early 19th century. Origins The Speenhamland system was an amendment to the old Poor Law or Elizabethan Poor Law, created as an indirect …
