labor Definition

labor

Definition 1
Work of any type.

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

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Mentioned in these terms

labor force

indirect labor costs

labor relations

Related Terms on BusinessDictionary

wages
variable production overhead efficiency variance
direct labor efficiency variance
direct labor rate variance
fixed production overhead volume capacity variance
equivalent labor
equivalent labor factor (ELF)
Taylorism
overhead rate
distributed labor cost
marginal productivity theory of wages
job costing
Rucker plan
labor market
labor idle time variance
law of markets
customs union
stockout costs
notice of lockout
key jobs
law of proportions
derived demand
strike, riots, and civil commotions
Occupational Safety and Health Administration (OSHA)
learning curve
equivalent personnel
negative demand
sue, labor, and travel clause
offshore manufacturing
classical school of management
operating leverage
equivalent personnel factor
support infrastructure
open economy
lockout
diminishing marginal product
surplus value
communism
output gap
machine hour
Eurosclerosis
comparative advantage
activity based costing (ABC)
maintenance burden
factor income
direct labor standard
constructed value
maintenance capacity
featherbedding
dislocated worker
touch labor
construction cost
actual cost of work performed (ACWP)
maintenance ratio
felony
distributable labor cost
transfer earnings
partnering
construction in progress
adjustments
man-hour
contract bond
physical standard
arbitration clause
maquiladora
distribution resource planning (DRP-II)
labor hour contract
secondary picketing
artisan's lien
marginal pricing
downtime
time and materials (T&M) contract
price breakdown
frictional unemployment
marginal product
duty of fair representation
work to rule
gains sharing
Benelux
marginal productivity
cost equation
factory cost
regressive supply curve
general overhead account

economic rent
general strike
lump sum bid
marginal rate of technical substitution
knowledge economy
resource dependence
bill of quantities (BOQ)
effective labor
direct labor total variance
blue collar
substitution effect
fixed production overhead variance
scanlon plan
labor and material payment bond
labor standards
prime cost
secondary strike
wage push inflation
subcontractor bond
labor supply
embargo
fixed production overhead volume efficiency variance
private cost
self-help project
business climate
national rate of unemployment
labor yield rate
Human Resource Information Systems (HRIS)
slowdown strike
job security
labor intensive
capital intensive
know how
direct labor
other costs
unit price
free trade agreement
automobile insurance
econometrics
manufacturing cost
globalization
nationalization
entrepreneurship
capitalism
resource management
actual cost
forcing
direct cost
Department of Labor
developer
escalation clause
overhead
sales order
free trade
microeconomics
common market
market pricing
marginal cost
lagging indicators
cost of sales
markup
natural resource
variable cost
technology
efficiency
knowledge
unemployment
producer
earn
resource
institutional investors
bid
inflation
capital

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