1. Comparative Advantage |
The ability of an individual or group to carry out an economic activity, such as production, at a lower cost and with greater efficiency than another entity |
2. Glass Ceiling |
The name given to a set of subtle barriers believed by many to inhibit women and minorities from reaching the upper echelons of corporate America, government, and academia |
3. Labor Force Participation Rate |
The number of members of a particular group who are in the labor force divided by the total number of the group in the population |
4. Labor Market Discrimination |
When two equally qualified individuals are treated differently on the basis of gender (race, age, disability, etc.) |
5. Traditional Sexual Division of Labor |
Refers to the traditional division of work, in which women engage in full-time housework, while the men are full-time wage earners in the labor market |
6. Specialization |
To pursue some specific line of study, work, etc. |