Ch 20: Individuals & the Market

About This Chapter

6 Lessons in Chapter 20: Individuals & the Market
Test your knowledge with a 30-question chapter practice test
Labor Force: Definition & Concept

1. Labor Force: Definition & Concept

The labor force is a fundamental component of every modern economy. In this lesson, you'll learn what the labor force is and some of its important concepts.

What is Unemployment? - Definition, Causes & Effects

2. What is Unemployment? - Definition, Causes & Effects

What is unemployment? If you are currently out of work, you certainly know what this is. But the government has a specific way of looking at unemployment, and you might actually not be considered unemployed by its definition! Read on to learn why.

What is a Minimum Wage? - Definition & History

3. What is a Minimum Wage? - Definition & History

Minimum wage is the lowest amount an employer can pay its employees for work performed. In the United States, the minimum wage was first enacted by Congress in 1938. Learn more about it in this lesson.

What is Cost of Living? - Expenses & Overview

4. What is Cost of Living? - Expenses & Overview

Most everyone would like a COLA, and we're not talking about soft drinks. In this lesson, you'll learn what cost of living is and some of its key concepts. You'll also have a chance to take a short quiz.

The Effects of Globalization on Labor Conditions

5. The Effects of Globalization on Labor Conditions

In this lesson, we'll discuss the effects of globalization on labor conditions around the world. Migration, worker exploitation, and the roles of unions in improving working conditions will also be examined.

Factors Affecting the Distribution of Wealth & Income

6. Factors Affecting the Distribution of Wealth & Income

Distribution of wealth and income are important parts of any society, but often, they're distributed unequally. Governments step in with various policies to try and lessen this gap. Let's explore some of these concepts.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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