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Mary has been hired to write courses for a Web-based training organization.Mary works at the offices of the organization.Mary is given content guidelines and a contract for each course that she writes,and is paid a flat fee upon completion of the course.It can take anywhere from 2 weeks to 6 weeks to complete a course.The organization wants the contractors to work in their offices during the regular 40-hour work week,unless they need to be elsewhere to do research.The organization provides a computer to Mary.Mary also is able to use other employees at the organization for word processing and editing.Is Mary an employee or an independent contractor?
Demand Curve
A visual depiction showing the connection between the cost of a product or service and how much of it is wanted over a specific time frame.
Positive Externality
A benefit that affects someone who did not choose to incur that benefit, typically associated with public goods or services, like education or vaccination.
Market Inefficiency
A situation where resources are not allocated optimally, leading to a waste of resources or an inability to reach market equilibrium.
Supply And Demand Diagram
A graphical representation of the relationship between the quantity of a good or service that suppliers are willing to offer and the quantity that consumers are willing to purchase at various prices.
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