|
|
ORGANIZED LABOR: The general term used when referring to the collection of labor unions representing the interests of workers. Of course, to be "organized" labor, labor needs to "organized," which is what labor unions are all about. Prior to the onset of the labor union movement in the mid-1800s, labor was not organized, meaning that each and every worker acted independently in the pursuit of wages, fringe benefits, or improved working conditions. Even in modern times, organized labor represents only a fraction of the total labor force in the United States, something less than a fourth.
Visit the GLOSS*arama
|
|
|
|
|
MONEY CREATION The process in which banks increase the amount of funds in checkable deposits (and thus the M1 money supply) by using reserves to make loans. Money creation is made possible through fractional-reserve banking. Because banks keep only a fraction of deposits as reserves, extra reserves can be used to back up and create additional checkable deposits (money) that did not previously exist. Government policy makers (the Federal Reserve System) rely on the money creation process when conducting monetary policy. Money creation by banks is a modern alternative to printing paper currency.
Complete Entry | Visit the WEB*pedia |
|
|
|
One of the largest markets for gold in the United States is the manufacturing of class rings.
|
|
|
"Follow effective action with quiet reflection. From the quiet reflection will come even more effective action. " -- Peter F. Drucker, author
|
|
AER
American Economic Review
|
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|
|
