buyer of labor
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Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… … Wikipedia
Labor and materials — is a standard phrase in a contract for construction in which the buyer agrees to pay the contractor based upon the work performed by the contractor s employees and subcontractors, and for materials used in the construction (plus the contractor s… … Wikipedia
consumer — con·sum·er n: one that utilizes economic goods; specif: an individual who purchases goods for personal use as distinguished from commercial use Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. consumer … Law dictionary
customer — cus·to·mer n 1: a person or business that purchases a commodity or service 2 a: a person or entity having an account with a bank or on whose behalf the bank has agreed to collect items b: a person or entity for whom an issuer issues a letter of… … Law dictionary
client — I noun business contact, buyer of labor, cliens, consultor, consumer, customer, employer of legal advice, hirer, offerer, patron, patron of professional servies, patronizer, person employing advice, person represented, person represented by… … Law dictionary
Capital, Volume I — is the first of three volumes in Karl Marx s monumental work, Das Kapital, and the only volume to be published during his lifetime. Originally published in 1867, Marx s aim in Capital, Volume I is to uncover and explain the laws specific to the… … Wikipedia
Monopsony — In economics, a monopsony (from Ancient Greek μόνος (monos) single + ὀψωνία (opsōnia) purchase ) is a market form in which only one buyer faces many sellers. It is an example of imperfect competition, similar to a monopoly, in which only one… … Wikipedia
contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… … Law dictionary
Subjective theory of value — The subjective theory of value (or theory of subjective value ) is an economic theory of value that holds that to possess value an object must be both useful and scarce, [Moser, John. The Origins of the Austrian School of Economics, Humane… … Wikipedia
Character mask — Part of a series on Marxism … Wikipedia
