Workforce in the context of "Perfect competition"

A residential community is a community, usually a small town or city, that is composed mostly of residents, as opposed to commercial businesses and/or industrial facilities, all three of which are considered to be the three main types of occupants of the typical community.

Residential communities are typically communities that help support more commercial or industrial communities with consumers and workers. That phenomenon is probably because some people prefer not to live in an urban or industrial area, but rather a suburban or rural setting. For that reason, they are also called dormitory towns, bedroom communities, or commuter towns.

A trade union (British English) or labor union (American English), often simply referred to as a union, is an organization of workers whose purpose is to maintain or improve the conditions of their employment, such as attaining better wages and benefits, improving working conditions and safety standards, establishing complaint procedures, developing rules governing the status of employees (including rules on promotions and just-cause conditions for termination), and protecting and increasing the bargaining power of workers.

Trade unions typically fund their head office and legal team functions through regularly imposed fees called union dues. The union representatives in the workforce are usually made up of workplace volunteers who are often appointed by members through internal democratic elections. The trade union, through an elected leadership and bargaining committee, bargains with the employer on behalf of its members, known as the rank and file, and negotiates labour contracts (collective bargaining agreements) with employers.

Human resources (HR) is the set of people who make up the workforce of an organization, business sector, industry, or economy. A narrower concept is human capital, the knowledge and skills which the individuals command.

The national average salary (or national average wage) is the mean salary for the working population of a nation. It is calculated by summing all the annual salaries of all persons in work (surveyed) and dividing the total by the number of workers (surveyed). It is not the same as the Gross domestic product (GDP) per capita, which is calculated by dividing the GDP by the total population of a country, including the unemployed and those not in the workforce (e.g. retired people, children, students, etc.). It can be useful in understanding economic conditions, and to employers and employees in negotiating salaries. The national median salary is usually significantly less than the national average salary because the distribution of workers by salary is skewed.

In economics, an agent is an actor (more specifically, a decision maker) in a model of some aspect of the economy. Typically, every agent makes decisions by solving a well- or ill-defined optimization or choice problem.

For example, buyers (consumers) and sellers (producers) are two common types of agents in partial equilibrium models of a single market. Macroeconomic models, especially dynamic stochastic general equilibrium models that are explicitly based on microfoundations, often distinguish households, firms, and governments or central banks as the main types of agents in the economy. Each of these agents may play multiple roles in the economy; households, for example, might act as consumers, as workers, and as voters in the model. Some macroeconomic models distinguish even more types of agents, such as workers and shoppers or commercial banks.

Wage labour (also wage labor in American English), usually referred to as paid work, paid employment, or paid labour, refers to the socioeconomic relationship between a worker and an employer in which the worker sells their labour power under a formal or informal employment contract. These transactions usually occur in a labour market where wages or salaries are market-determined.

In exchange for the money paid as wages (usual for short-term work-contracts) or salaries (in permanent employment contracts), the work product generally becomes the undifferentiated property of the employer. A wage labourer is a person whose primary means of income is from the selling of their labour in this way.

Economic activity rate, EAR (or labor force participation rate, LFPR) is the percentage of the population, both employed and unemployed, that constitutes the workforce, regardless of whether they are currently employed or job searching.

This figure is a measure of the degree of success of the economy in engaging the population in some form of production of services or goods.

Indentured servitude in British America was the prominent system of labor in the British American colonies until it was eventually supplanted by slavery. During its time, the system was so prominent that more than half of all immigrants to British colonies south of New England were white servants, and that nearly half of total white immigration to the Thirteen Colonies came under indenture. By the beginning of the American Revolutionary War in 1775, only 2 to 3 percent of the colonial labor force was composed of indentured servants.

The consensus view among economic historians and economists is that indentured servitude became popular in the Thirteen Colonies in the seventeenth century because of a large demand for labor there, coupled with labor surpluses in Europe and high costs of transatlantic transportation beyond the means of European workers. Between the 1630s and the American Revolution, one-half to two-thirds of white immigrants to the Thirteen Colonies arrived under indentures. Half a million Europeans, mostly young men, also went to the Caribbean under indenture to work on plantations. Fraud and sometimes even force were widely used as methods of recruitment. A debt peonage system similar to indenture was also used in southern New England and Long Island to control and assimilate Native Americans from the 1600s through the American Revolution.

Agriculture in the Soviet Union was mostly collectivized, with some limited cultivation of private plots. It is often viewed as one of the more inefficient sectors of the economy of the Soviet Union. A number of food taxes (mainly prodrazverstka and prodnalog) were introduced in the early Soviet period despite the Decree on Land that immediately followed the October Revolution. The forced collectivization and class war against (vaguely defined) "kulaks" under Stalinism greatly disrupted farm output in the 1920s and 1930s, contributing to the Soviet famine of 1932–33 (most especially the Holodomor in Ukraine). A system of state and collective farms, known as sovkhozes and kolkhozes, respectively, placed the rural population in a system intended to be unprecedentedly productive and fair but which turned out to be chronically inefficient and lacking in fairness. Under the administrations of Nikita Khrushchev, Leonid Brezhnev, and Mikhail Gorbachev, many reforms (such as Khrushchev's Virgin Lands Campaign) were enacted as attempts to defray the inefficiencies of the Stalinist agricultural system. However, Marxist–Leninist ideology did not allow for any substantial amount of market mechanism to coexist alongside central planning, so the private plot fraction of Soviet agriculture, which was its most productive, remained confined to a limited role. Throughout its later decades the Soviet Union never stopped using substantial portions of the precious metals mined each year in Siberia to pay for grain imports, which has been taken by various authors as an economic indicator showing that the country's agriculture was never as successful as it ought to have been. The real numbers, however, were treated as state secrets at the time, so accurate analysis of the sector's performance was limited outside the USSR and nearly impossible to assemble within its borders. However, Soviet citizens as consumers were familiar with the fact that foods, especially meats, were often noticeably scarce, to the point that not lack of money so much as lack of things to buy with it was the limiting factor in their standard of living.

Despite immense land resources, extensive farm machinery and agrochemical industries, and a large rural workforce, Soviet agriculture was relatively unproductive. Output was hampered in many areas by the climate and poor worker productivity. However, Soviet farm performance was not uniformly bad. Organized on a large scale and relatively highly mechanized, its state and collective agriculture made the Soviet Union one of the world's leading producers of cereals, although bad harvests (as in 1972 and 1975) necessitated imports and slowed the economy. The 1976–1980 five-year plan shifted resources to agriculture, and 1978 saw a record harvest. Conditions were best in the temperate chernozem (black earth) belt stretching from Ukraine through southern Russia into the east, spanning the extreme southern portions of Siberia. In addition to cereals, cotton, sugar beets, potatoes, and flax were also major crops. Such performance showed that underlying potential was not lacking, which was not surprising as the agriculture in the Russian Empire was traditionally amongst the highest producing in the world, although rural social conditions since the October Revolution were hardly improved. Grains were mostly produced by the sovkhozes and kolkhozes, but vegetables and herbs often came from private plots.