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TEAMSTERS UNION: The common name for the International Brotherhood of Teamsters, which is one of the largest labor unions in the United States, this was established in 1903 and represents truck drivers, chauffeurs, warehouse workers, and labor in related activities. Their name was taken from the teamsters of the 1800s who guided wagons pulled by teams of horses or other animals. Their modern day counterparts have replaced teams of horses with diesel engines, but their function remains much the same. The Teamsters Union was originally part of the AFL-CIO, but was expelled in 1957 due to corruption among union leaders. The Teamsters Union rejoined the AFL-CIO in 1987.
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PERFECT COMPETITION, LONG-RUN EQUILIBRIUM CONDITIONS The long-run equilibrium of a perfectly competitive industry generates six specific equilibrium conditions, including: (1) economic efficiency (P = MC), (2) profit maximization (MR = MC), (3) perfect competition (MR = AR = P), (4) breakeven output (P = AR = ATC), (5) minimum production cost (MC = ATC), and (6) minimum efficient scale (MC = ATC = LRAC = LRMC).
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RED AGGRESSERINE
[What's This?]
Today, you are likely to spend a great deal of time looking for the new strip mall out on the highway trying to buy either a flower arrangement with daisies and carnations for your uncle or a coffee cup commemorating next Thursday. Be on the lookout for vindictive digital clocks with revenge on their minds.
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This isn't me! What am I?
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A lump of pure gold the size of a matchbox can be flattened into a sheet the size of a tennis court!
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"In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. " -- Harold S. Green, MCI founder
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WPI
Wholesale Price Index
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