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ABO |
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ABOSee: Accumulated Benefit ObligationABO Similar MatchesLabor augmentingLabor augmentingSaid of a technological change or technological difference if one production function produces the same as if it were the other, but with a larger quantity of labor. Same as factor augmenting with labor the augmented factor. Also called Harrod neutral. Collaborative CultureCollaborative CultureAn organizational culture characterized by a shared vision, shared leadership, empowered workers, cooperation among organizational units as they work to improve processes, a high degree of openness to feedback and data, and optimization of the organizational whole versus its many parts. Division of laborDivision of laborSplitting a production process across multiple workers, each performing a different task repeatedly rather than having a single worker perform all tasks. Adam Smith (1776) pointed out the increased productivity that can result, as well as the potential for gains from trade when division of labor takes place across countries. Labor-savingLabor-savingA technological change or technological difference that is biased in favor of using less labor, compared to some definition of neutrality. Child laborChild laborEmployment of children under a specified minimum age. Further SuggestionsBureau of Labor Statistics (BLS)Labor intensive Forced labor Unskilled labor Pauper labor argument Labor productivity Labor standards argument for protection Labor right Productivity of labor Labor scarce Labor standards argument for protection Labor standard Above par Labor-using Labor abundant Labor theory of value Unit labor requirement Accumulated Benefit Obligation (ABO) Cabotage Skilled labor |
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