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Job production can be classical craft production by small firms (making railings for a specific house, building/repairing a computer for a specific customer, making flower arrangements for a specific wedding etc.), but large firms use job production, too, and the products of job production are often interchangeable, such as machined parts made ...
A direct job is employment created to fulfill the demand for a product or service. [1] An indirect job is a job that exists to produce the goods and services needed by the workers with direct jobs. [1] [2] Indirect employment includes the things need direct on the job as well as jobs produced because of the worker's needs (e.g., uniforms).
Individual wedding cakes and made-to-measure suits are examples of job production. New small firms often use job production before they get a chance or have the means to expand. Job Production is highly motivating for workers because it gives the workers an opportunity to produce the whole product and take pride in it.
Labour markets or job markets function through the interaction of workers and employers. Labour economics looks at the suppliers of labour services (workers) and the demanders of labour services (employers), and attempts to understand the resulting pattern of wages, employment, and income.
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. [1]
Volume measures of output are normally gross domestic product (GDP) or gross value added (GVA), expressed at constant prices i.e. adjusted for inflation. The three most commonly used measures of input are: hours worked, typically from the OECD Annual National Accounts database [2] workforce jobs; and; number of people in employment.
Work, labor (labour in Commonwealth English), or an occupation or job is the intentional activity people perform to support the needs and desires of themselves, other people, or organizations. [1] In the context of economics , work can be viewed as the human activity that contributes (along with other factors of production ) towards the goods ...
However, Marx made the concept much more precise, critically examining the functions of labour-power in production, how labour-power is used, organized and exploited, and how it is typically valued and priced in bourgeois society. Under capitalism, according to Marx, the productive powers of labour appear as the creative power of capital.