An agreement between two parties: one party, the employee, agrees to work for the other party, the employer, for a weekly number of hours in return for a wage. A distinction is made between a labour contract for a fixed period of time and an open-ended labour contract. (Statistics Netherlands (CBS). Labour contract https://www.cbs.nl/en-gb/our-services/methods/definitions/labour-contract)
A young fish of about 10 cm length, also: an immature fish, less than one year old, or any fish too small to be of marketable size (and so up to 25 cm long) (FishBase, 2024. Glossary. https://www.fishbase.se/glossary/Glossary.php?sc=is&q=fingerling)
Labour relations is a subarea within human resource management, and the main components of it include collective bargaining, application and oversight of collective agreement obligations, and dispute resolution. (Wikipedia. 2025. Labor relations. https://en.wikipedia.org/wiki/Labor_relations)
Land diversion: where lands are diverted from crop and livestock production to other uses. (FAO. 2007. The State of Food and Agriculture 2007. https://www.fao.org/4/a1200e/a1200e03.pdf)
An alteration in the qualities of land which improves its potential for land use (of. major land improvement, minor land improvement). (FAO. 1976. A framework for land evaluation https://www.fao.org/4/x5310e/x5310e0b.htm)
A legally recognized right to acquire, to use and to transfer land. In private property systems, this is a right akin to a freehold tenure. In systems where land is owned by the state, the term land ownership refers to possession of the rights most akin to ownership in a private property system – for instance, long-term leases, occupancy, tenancy or use rights granted by the state that are transferrable and are granted to users for several decades (for instance 99 years). (FAO, 2021. Realizing women's rights to land in the law. A guide for reporting on SDG indicator 5.a.2. https://www.fao.org/3/i8785en/I8785EN.pdf)
A large business with a wide sphere of influence, both in terms of the number of employees and physical resources. (Translated from http://terim.tuba.gov.tr/)
Liquidity is the ability to convert assets to cash or acquire cash—through a loan or money in the bank—to pay short-term obligations or liabilities. (Adapted from Business Development Bank of Canada, 2024. Glossary. Liquidity. https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-guides/glossary/liquidity)
‘Marginal utility’ refers to the satisfaction that an individual gains from the consumption of an additional unit of a particular good in a given context. (John E. King, Michael McLure, Value: History of the Concept, Editor(s): James D. Wright,
International Encyclopedia of the Social & Behavioral Sciences (Second Edition), Elsevier, 2015, Pages 7-13, ISBN 9780080970875, https://doi.org/10.1016/B978-0-08-097086-8.03123-8.)
