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JOB SECURITY: The prospects of continued employment with little or no fear of being forced to leave. Job security is often part of the terms of employment and is designed to reduce uncertainty for both employees and employers. However, it can also reduce worker productivity and restrict the efficient movement of resources between jobs.
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TOTAL PRODUCT CURVE A curve that graphically represents the relation between total production by a firm in the short run and the quantity of a variable input added to a fixed input. When constructing this curve, it is assumed that total product changes from changes in the quantity of a variable input (like labor), while other inputs (like capital) are fixed. This is one of three key product curves used in the analysis of short-run production. The other two are marginal product curve and average product curve.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time looking for the new strip mall out on the highway looking to buy either storage boxes for your computer software CDs or a set of tires. Be on the lookout for the happiest person in the room.
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This isn't me! What am I?
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A half gallon milk jug holds about $50 in pennies.
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"Do not wait; the time will never be just right " -- Napoleon Hill, author
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LOCH
London Options Clearing House
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