Who Is Working?
Glossary terms from:
Individuals and family units that buy goods and services (as consumers) and sell or rent productive resources (as resource owners).
A piece of work usually done on order at an agreed-upon rate. Also a paid position of regular employment.
The quantity and quality of human effort available to produce goods and services.
The people in a nation who are aged 16 or over and are employed or actively looking for work.
Anything that is generally accepted as final payment for goods and services; serves as a medium of exchange, a store of value and a standard of value. Characteristics of money are portability, stability in value, uniformity, durability and acceptance.
A job or profession; also a category of work, sometimes identified by the degree of skill required.
The basic kinds of resources used to produce goods and services: land or natural resources, human resources (including labor and entrepreneurship), and capital.
The number of people without jobs who are actively seeking work.
The number of unemployed people, expressed as a percentage of the labor force.
Effort applied to achieve a purpose or result, often for pay; skills and knowledge put to use to get something done; employment at a job or in a position; occupation, profession, business, trade, craft, etc.
People employed to do work, producing goods and services.