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In this sense, labour is an activity which creates/maintains economic value pure and simple, which could be realized as a sum of money once labour's product is sold or acquired by a buyer. The value-creating ability of labour is most clearly visible when all labour is stopped, for example during a strike or a disaster.
The total labor power of society, which is embodied in the sum total of the values of all commodities produced by that society, counts here as one homogeneous mass of human labor power, composed though it be of innumerable individual units...The labor time socially necessary is that required to produce an article under the normal conditions of ...
Example: Agricultural products which have many buyers and sellers, selling homogeneous goods where the price is determined by the demand and supply of the market and not individual firms. In the short run, a firm in a perfectly competitive market may gain profits or loss, but in the long run, due to the entry and exit of new firms, price will ...
Social corporatism, also called social democratic corporatism, [1] is a form of economic tripartite corporatism based upon a social partnership between the interests of capital and labour, involving collective bargaining between representatives of employers and of labour mediated by the government at the national level.
In sociology, mechanical solidarity and organic solidarity [1] are the two types of social solidarity that were formulated by Émile Durkheim, introduced in his Division of Labour in Society (1893) as part of his theory on the development of societies.
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 ...
Labour markets are normally geographically bounded, but the rise of the internet has brought about a 'planetary labour market' in some sectors. [4] Labour is a measure of the work done by human beings. It is conventionally contrasted with other factors of production, such as land and capital.
the definition of productive and unproductive labour is not static, but evolving; in the course of capitalist development, the division of labour is increasingly modified, to make more and more labour productive in the capitalistic sense, for example through marketisation and privatisation, value-based management, and Taylorism.