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UNFAIR LABOR PRACTICE: An activity on the part of employers to discourage legal labor union actions or on the part of labor unions to discourage legal nonunion employee actions. In the never ending battle between labor and management to gain the upper hand in the labor market each side has engaged in practices to thwart the power of the other side. Management commonly undertook what are now termed unfair labor practices in the early stages of the labor union movement to prevent unions from gaining power. Once unions gained power, however, then too engaged in unfair labor practices to keep and enhance that power. Unfair labor practices by management were largely outlawed by the National Labor Relations Act. Unfair labor practices by labor unions were largely outlawed by the Taft-Hartley Act.
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FACTOR SUPPLY CURVE A graphical representation of the relation between the price to a factor of production and quantity of the factor supplied, holding all ceteris paribus factor supply determinants constant. The factor supply curve is one half of the factor market. The other half is the factor demand curve.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time watching the shopping channel hoping to buy either a wall poster commemorating the first day of winter or blue cotton balls. Be on the lookout for celebrities who speak directly to you through your television.
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This isn't me! What am I?
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Al Capone's business card said he was a used furniture dealer.
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"Success is more a function of consistent common sense than it is of genius. " -- An Wang, industrialist
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IRS
Internal Revenue Service
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