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JOB SECURITY: The prospects of continued employment with little or no fear of being forced to leave. Job security is often part of the terms of employment and is designed to reduce uncertainty for both employees and employers. However, it can also reduce worker productivity and restrict the efficient movement of resources between jobs.
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Lesson 3: Scarcity | Unit 2: Resources
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Page: 7 of 17
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Some times the differences between these four resource types are not clear cut.- What is the difference between entrepreneurship and labor? Do they have membership cards?
- What is the difference between labor and capital? Aren't people produced?
- What is the difference between land and capital? Is farmland natural or is it produced like capital?
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INFORMATION SEARCH The decision to seek out or produce information based on a comparison of the cost of acquiring the information and the benefit obtained from the information. Efficient information search is achieved with a equality between the marginal cost of search and the marginal benefit of search. Because the marginal cost of search is invariably greater than zero, search effort stops short of acquiring complete information.
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time touring the new suburban shopping complex wanting to buy either decorative picture frames or storage boxes for your income tax returns. Be on the lookout for broken fingernail clippers.
Your Complete Scope
This isn't me! What am I?
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Sixty percent of big-firm executives said the cover letter is as important or more important than the resume itself when you're looking for a new job
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"The time to repair the roof is when the sun is shining." -- John F. Kennedy, 35th U. S. president
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IRT
International Trade Commission
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