Examlex
Because of the Hawthorne Studies, a revolution in worker treatment took place and laid the groundwork for subsequent work examining treatment of workers, leadership, motivation, and human resource management.
Household
An economic unit that consists of all individuals who occupy a housing unit, regardless of their relationship.
Business
Organized efforts by individuals or entities to produce, sell goods or provide services for profit.
Factor Market
A marketplace where factors of production (e.g., labor, capital, land) are bought and sold.
Circular-Flow Diagram
A visual model of the economy that shows the flow of money, goods and services, and factors of production between households and businesses.
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