F583

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  • Created by: faatimah
  • Created on: 29-03-14 20:54
Earnings
wages plus overtime pay, bonuses and commission
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Economically inactive
working age people who are neither in employment, nor unemployed, and so are not part of the labour force
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Labour force participation rate
the proportion of working age people who are economically active
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Employment rate
the proportion of working-age people who are in work
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G8
the group of major economies consisting of Canada, France, Germany, Italy, Japan, Russian the UK and USA
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Part-time workers
people working less than 30 hours per week
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Temporary work
casual work, seasonal work, working for employment agencies, fixed-period contract work
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Homeworking
working either at home or in different places away from the central office, production or distribution facilities using the home as a base
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Teleworking
working using a telephone and a computer at home, in an internet café or a train or plane
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Occupational segregation
the dominance of an occupation by one gender
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Primary sector
the first stage of production, including industries such as agriculture, fishing, forestry and mining involved in the extraction and collection of raw materials
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Secondary sector
the second stage of production, which involves the processing of raw materials into semi-finished and finished goods. It includes manufacturing and construction
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Tertiary sector
the third stage of production, which covers industries producing services including education, financial services, health care and tourism
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Tax wedge
the gap between what employers pay for labour and what workers receive in disposable income
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Outsourcing
subcontracting part of the production process to another firm
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Offshoring
transferring part of the process to another country. The production may be outsourced or may be undertaken by the firm but in another country
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Tourism income multiplier
the extent to which a change in income from tourism causes GDP to change
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Monopoly
a single seller
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Other cards in this set

Card 2

Front

working age people who are neither in employment, nor unemployed, and so are not part of the labour force

Back

Economically inactive

Card 3

Front

the proportion of working age people who are economically active

Back

Preview of the back of card 3

Card 4

Front

the proportion of working-age people who are in work

Back

Preview of the back of card 4

Card 5

Front

the group of major economies consisting of Canada, France, Germany, Italy, Japan, Russian the UK and USA

Back

Preview of the back of card 5
View more cards

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