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January 18, 2019 

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UNITED MINE WORKERS UNION: A labor union representing the interests of workers engaged in mineral extraction, especially coal. The United Mine Workers Union has been one of the more prominent unions involved in the labor union movement. It is also notable as being the first national industrial union established in the United States, when it was formed in 1890. Prior to that time all national unions were craft unions representing workers with specific skills or in specific occupations. The United Mine Workers Union representing all workers employed by mining companies regardless of skills or occupations.

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UNEMPLOYMENT: The general condition in which resources are willing and able to produce goods and services but are not engaged in productive activities. While unemployment is most commonly thought of in terms of labor, any of the other factors of production (capital, land, and entrepreneurship) can be unemployed as well. The analysis of unemployment, especially labor unemployment, goes hand-in-hand with the study of macroeconomics that emerged from the Great Depression of the 1930s.

     See also | resources | factors of production | labor | capital | land | entrepreneurship | Great Depression | production possibilities | short-run aggregate market | recessionary gap | natural unemployment | unemployment rate | capacity utilization rate | unemployment sources | unemployment sources | unemployment problems |


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UNEMPLOYMENT, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2019. [Accessed: January 18, 2019].


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AVERAGE TOTAL COST CURVE

A curve that graphically represents the relation between average total cost incurred by a firm in the short-run product of a good or service and the quantity produced. The average total cost curve is constructed to capture the relation between average total cost and the level of output, holding other variables, like technology and resource prices, constant. The average total cost curve is one of three average curves. The other two are average variable cost curve and average fixed cost curve. A related curve is the marginal cost curve.

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Today, you are likely to spend a great deal of time looking for a downtown retail store wanting to buy either a coffee cup commemorating Thor Heyerdahl's Pacific crossing aboard the Kon-Tiki or a rechargeable battery for your cell phone. Be on the lookout for jovial bank tellers.
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In the early 1900s around 300 automobile companies operated in the United States.
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