labor Definition

labor

Definition 1
Work of any type.

Definition 2
Employees represented by a union. also called organized labor.

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Related Terms

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blue-collar -

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Mentioned in these terms

indirect labor costs

labor relations

labor force

Related Terms on BusinessDictionary

wages
direct labor efficiency variance
direct labor rate variance
fixed production overhead volume capacity variance
variable production overhead efficiency variance
Taylorism
job costing
overhead rate
equivalent labor
equivalent labor factor (ELF)
marginal productivity theory of wages
Rucker plan
labor market
distributed labor cost
lump sum bid
general strike
knowledge economy
maintenance burden
bill of quantities (BOQ)
effective labor
maintenance capacity
touch labor
blue collar
substitution effect
maintenance ratio
transfer earnings
partnering
labor and material payment bond
man-hour
prime cost
wage push inflation
physical standard
subcontractor bond
embargo
maquiladora
private cost
secondary picketing
business climate
marginal pricing
job security
price breakdown
marginal product
customs union
work to rule
key jobs
marginal productivity
derived demand
cost equation
regressive supply curve
equivalent personnel
negative demand
classical school of management
equivalent personnel factor
marginal rate of technical substitution
resource dependence
diminishing marginal product
direct labor total variance
communism
Eurosclerosis
fixed production overhead variance
scanlon plan
comparative advantage
activity based costing (ABC)
factor income
direct labor standard
labor standards
secondary strike
constructed value
featherbedding
dislocated worker
labor supply
fixed production overhead volume efficiency variance
self-help project
construction cost
actual cost of work performed (ACWP)
felony
national rate of unemployment
distributable labor cost
labor yield rate
Human Resource Information Systems (HRIS)
slowdown strike
construction in progress
adjustments
law of markets

labor idle time variance
stockout costs
contract bond
arbitration clause
notice of lockout
distribution resource planning (DRP-II)
law of proportions
strike, riots, and civil commotions
labor hour contract
artisan's lien
Occupational Safety and Health Administration (OSHA)
downtime
learning curve
sue, labor, and travel clause
time and materials (T&M) contract
frictional unemployment
offshore manufacturing
duty of fair representation
operating leverage
support infrastructure
Benelux
gains sharing
open economy
lockout
surplus value
factory cost
general overhead account
economic rent
machine hour
output gap
labor intensive
other costs
manufacturing cost
globalization
unit price
entrepreneurship
capital intensive
know how
direct labor
nationalization
free trade agreement
automobile insurance
econometrics
capitalism
actual cost
forcing
resource management
direct cost
overhead
developer
escalation clause
Department of Labor
microeconomics
free trade
sales order
marginal cost
lagging indicators
cost of sales
common market
market pricing
markup
natural resource
variable cost
technology
efficiency
unemployment
knowledge
producer
earn
institutional investors
resource
bid
inflation
capital

Popular 'Business' Terms

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