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October 30, 2024 

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LIMITED LIABILITY: A condition in which owners are not personally held responsible for the debts of by a firm. Corporations are the main form of business in which owners have limited liability. The primary benefit of limited liability is that it makes it possible for a business to accumulate large amounts of productive resources that lets it take advantage of large scale production.

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STRIKE: An agreement of workers, usually the members of a union, to stop working. The objective of a strike is to encourage an employer to raise workers' wages or to improve working conditions. Strikes can be a powerful tool for unions to overcome the market control of employers or to gain a negotiating edge in collective bargaining. They can also create frustrating production bottlenecks that are ultimately suffered by underappreciated consumers.

     See also | union | market control | collective bargaining | lockout | boycott | arbitration | mediation | wildcat strike | sympathy strike | general strike | labor slowdown |


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STRIKE, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: October 30, 2024].


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MARGINALLY-ATTACHED WORKERS

People who are willing and able to work, who have either held a job or searched for employment within the last year, but are not actively seeking employment. Discouraged workers, people who are willing and able to engage in productive activities, but due to their overwhelming lack of success believe that any effort to find a job will be fruitless so they have stopped seeking employment, fall within this broader category of marginally-attached workers. People can be marginally attached to the labor force for a variety of reasons, discouraged workers, in contrast, achieve their designation specifically because they believe search efforts are not worthwhile.

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Today, you are likely to spend a great deal of time at a dollar discount store trying to buy either storage boxes for your computer software CDs or a set of tires. Be on the lookout for spoiled cheese hiding under your bed hatching conspiracies against humanity.
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On a typical day, the United States Mint produces over $1 million worth of dimes.
"Anyone who has never made a mistake has never tried anything new. "

-- Albert Einstein, physicist

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