- unit labour costs
- The total expenditure on labour per unit of output. A comparison between changes in productivity and unit labour costs in different countries enables economists to make predictions about changes in their competitiveness For example, if unit labour costs and productivity both rise by the same amount in the UK, UK producers do not have to change the prices of their goods; if, however, Japanese unit labour costs rise by less than productivity, Japanese prices could fall, making them increasingly competitive.
Big dictionary of business and management. 2014.
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labour costs — wages costs Expenditure on wages paid to those operators who are both directly and indirectly concerned with the production of the product, service, or cost unit. See also: direct labour cost, indirect labour cost … Accounting dictionary
labour costs — wages costs Expenditure on wages paid to those operators who are both directly and indirectly concerned with the production of the product, service, or cost unit See also direct labour cost; indirect costs … Big dictionary of business and management
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