figures and theories on labor
the new international division of labor: a system of employment in the various economic sectors spread throughout the world
labor flexibility: the degree to which employment is based on market mechanisms of supply and demand rather than on government regulation
skilled labor: labor provided by workers with specialized training and skills
fordism
female labor force participation rate: the percentage of women holding full-time jobs outside the home
extraneous effects and benefits of labor and productivity
business models and agreements of note
economic theories
absolute advantage: the ability of an individual, organization, or country to produce a particular good at a lower absolute/gross cost than another person or country
comparative advantage: the ability of an individual, organization, or country to produce a particular good at a lower opportunity cost/with more efficiency than another person or country
complementarity: the measurement used to determine the degree of compatibility between two potential trade partners
emerging economic practices