labor factor

labor factor

[′lā·bər ‚fak·tər]
(industrial engineering)
The ratio of the number of hours required to perform a task under project conditions to the number of hours required to perform an identical task under standard conditions of work measurement.
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Proposed elements of the thrust are an emissions trading scheme or a fixed carbon price levy, a carbon offsetting to ensure taxation of imported pollutants, and a reduction in the labor factor through the use of revenues.
82-83) cites as evidence to support his point, Rothbard repeatedly and clearly characterizes the decision-making function as "a certain kind of labor," "an attribute of a labor factor" and the return to this factor as "wages of decision-making." Viewed in context, there is no tension in Rothbard's concept of the decision-making function.
The biggest difference is in the labor factor, which in the Czech Republic is declining on average by a quarter of a percent from one year to the next, while in Germany it is growing annually by half a percent.
Risk factors associated with project resources include 7 variables of labor factor, 10 variables of material factors, and 17 variables of equipment factor (Table 1).
The specific framework is as follows: firstly, integrate the characteristics of rural-urban migrants into the general equilibrium model, divide labor factor into urban labor factor and rural labor factor, and adjust corresponding functions of production, income and expenditure.
Total Irrigation and Labor Factor Productivities by Farm Size
To quantify the direct and indirect links between structural change in the labor factor and capital factor, we apply a dynamic computable general equilibrium (CGE) model with detailed sectors and intersectoral linkage information.
Fabricant emphasizes on the importance of improving labor factor quality and writes: "continuous labor training and other efforts to improve workforce quality is a kind of investment on human resource which will have a return in future.
However, the availability of local management and labor, included in the Labor factor, is viewed as a significant risk factor in India in the next 3 years ([beta] = .15, p = .05), unfavorably affecting participants' assessment of India as a manufacturing location.
The lowest contribution was considered at that time, the labor factor. Probably one of the causes that led to the underestimation of the value of the labor factor is the lack of unity of the working class, working-class weakness which subsequently became Marx's vision.
Jamie Peck (1992) demonstrated that in the choice of industrial location, the labor factor plays a central role among other environmental factors.
But, he added, "Chinese production is still the cheapest if the labor factor is high."