- residual claimant theory
- noun
: a theory in economics: wages are a residual after the distributive shares of other factors of production are determined
Useful english dictionary. 2012.
Useful english dictionary. 2012.
wage theory — ▪ economics portion of economic theory that attempts to explain the determination of the payment of labour. A brief treatment of wage theory follows. For full treatment, see wage and salary. The subsistence theory of wages,… … Universalium
wage and salary — ▪ economics Introduction income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… … Universalium
Walker, Francis A. — ▪ American economist in full Francis Amasa Walker born July 2, 1840, Boston, Massachusetts, U.S. died January 5, 1897, Boston American economist and statistician who broadened and helped modernize the character and scope of economics.… … Universalium
Economic democracy — is a socioeconomic philosophy that suggests a shift in decision making power from a small minority of corporate shareholders to a larger majority of public stakeholders. There is no single definition or approach for economic democracy, but most… … Wikipedia
Social Security Disability Insurance — Not to be confused with Supplemental Security Income. SSDI redirects here. For the death index, see Social Security Death Index. Disability … Wikipedia
France — /frans, frahns/; Fr. /frddahonns/, n. 1. Anatole /ann nann tawl /, (Jacques Anatole Thibault), 1844 1924, French novelist and essayist: Nobel prize 1921. 2. a republic in W Europe. 58,470,421; 212,736 sq. mi. (550,985 sq. km). Cap.: Paris. 3.… … Universalium
India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… … Universalium
United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… … Universalium
United Kingdom company law — Beside the River Thames, the City of London is a global financial centre. Within the Square Mile, the London Stock Exchange lies at the heart of the United Kingdom s corporations. United Kingdom company law is the body of rules that concern… … Wikipedia
Bolam v. Friern Hospital Management Committee — Bolam v Friern Hospital Management Committee ( [1957] 1 WLR 583) is an English tort law case that lays down the typical rule for assessing the appropriate standard of reasonable care in negligence: the Bolam test . Where the defendant has… … Wikipedia