Labor-saving


 

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Labor-saving

A technological change or technological difference that is biased in favor of using less labor, compared to some definition of neutrality.



Similar Matches

National Savings Bank

National Savings Bank

The savings bank operated by the government's Department of National Savings. The majority of business is carried out through the Post Office.


Savings Association Insurance Fund (SAIF)

Savings Association Insurance Fund (SAIF)

A government organization that ../../finance-glossary/d the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions.


Savings account

Savings account

An account with a bank or financial institution which pays interest on balances held, usually once or twice per year, the amount of interest usually depending on to the amount of money in the account and the 'base rate' of the Bank of England. There is often a notice period required for withdrawals and in most cases the longer the notice period, the higher the interest rate.


Savings deposits

Savings deposits

Accounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand.


Federal Savings and Loan Association

Federal Savings and Loan Association

An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans.


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savings element
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mutual savings bank


 
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