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Is the Internet a community? Does it meet the standards of what we traditionally have thought of as community and does it serve the function of bringing people together and raising their mechanical solidarity? Or, is the Internet an alienating form of communication that only keeps people apart and does not allow traditional senses of community to develop? Please argue your point with relevant examples.
Labor Supply Curves
The graphical representation of the relationship between the labor provided by employees and the wage rate.
Opportunity Cost
The loss of potential gain from other alternatives when one alternative is chosen.
Leisure Time
Time available for ease and relaxation, where no work-related duties are expected, allowing for personal preferences in activities.
Marginal Productivity
The additional output resulting from the use of one more unit of a factor of production, holding other factors constant.
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