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a payment or concession to stimulate greater output or investment.

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the desire for financial gain as an incentive in economic activity.

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segment of the workforce associated with a limited skill set or minimal economic value for the work performed. Unskilled labor is generally characterized by a lower educational attainment, such as a high school diploma, GED or lack thereof, and typically results in smaller wages.

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is any worker who has special skill, training, knowledge, and (usually acquired) ability in their work

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relating to manual work or workers, particularly in industry.

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relating to the work done or those who work in an office or other professional environment.

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a person, company, or country that makes, grows, or supplies goods or commodities for sale.

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a person who purchases goods and services for personal use.

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the change in the opportunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good.

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is made up of variable costs, which vary according to the quantity of a good produced and include inputs such as labor and raw materials, plus fixed costs, which are independent of the quantity of a good produced and ...

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1. a cost that varies with the level of output.

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business costs, such as rent, that are constant whatever the quantity of goods or services produced

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a fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.

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A wage is monetary compensation (or remuneration, personnel expenses, labor) paid by an employer to an employee in exchange for work done.

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n immaterial exchange of value occurs. When a service such as labor is performed the buyer does not take exclusive ownership of that which is purchased, unless agreed upon by buyer and seller.

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are materials that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product.

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a resource of economic value that cannot be readily replaced by natural means on a level equal to its consumption.

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Some renewable resources have essentially an endless supply, such as solar energy, wind energy and geothermal pressure, while other resources are considered renewable even though some time or effort must go into their renewal, such as wood, oxygen, leather and fish.

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manufactured goods used to make other goods and services

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a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.

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anyone who produces good and services

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Gifts of nature that make production possible

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Things you need to survive

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have a desire to possess or do (something); wish for.

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justified in terms of profitability