June 2013
Beginner
712 pages
31h 49m
English
Content preview from Routledge Dictionary of Economics, 3rd Edition
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L
L (E4)
A measure of the US money supply consisting of M3 + non-bank public holdings of US savings bonds + short-term treasury securities + commercial paper + bankers’ acceptances (net of money mutual market fund holdings of these assets).
Labor Management Relations Act 1947 (J5)
see Taft–Hartley Act
Labor Management Reporting and Disclosure Act 1959 (J5)
see Landrum– Griffin Act 1959
labor union (J5)
see trade union; US labor union
labour (J0)
A FACTOR OF PRODUCTION consisting of the effort and time of human beings engaged in the production of goods or services. The notions of HUMAN CAPITAL and ECONOMIC RENT blur the distinction between this factor and the others, CAPITAL and LAND.
See also: forced labour; labour supply
labour-augmenting ...
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