The belief that the price of any item reflects all available information.

The cognitive bias that leads people to assume that the value of a good is proportional to the effort required […]

Empathy is the ability to emotionally understand what other people feel, see things from their point of view, and imagine […]

Person who works for another under that person’s control and direction.

An individual who works for a business under an employment contract (as opposed to a non-permanent labor contract — see […]

When you delegate tasks to your team members, employees get a chance to improve their skills and demonstrate their abilities […]

Employees may be more driven to perform at their best when trusted with new responsibilities.

Number issued by the Internal Revenue Service to identify businesses, such as an LLC, for tax purposes. An EIN is […]

Laws making job dismissal more costly (or impossible) for employers.

The ratio of the number of employed to the population of working age. See also: population of working age.