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  2. Hours of service - Wikipedia

    en.wikipedia.org/wiki/Hours_of_service

    The 34 hour restart provision will still be in effect. However, drivers will only be allowed 1 restart per week (168 hours). Up to 2 hours either side of a sleeper-berth period while in the passenger seat will count as off-duty. Drivers inside a parked CMV who are not in the sleeper berth must log it as on-duty.

  3. Federal Motor Carrier Safety Administration - Wikipedia

    en.wikipedia.org/wiki/Federal_Motor_Carrier...

    The final rule required truck drivers who use the "34-hour restart" provision to maximize their weekly work hours to limit the restart to once a week and to include in the restart period at least two nights off duty from 1:00 to 5:00 a.m., when one's 24-hour body clock supposedly needs and benefits from sleep the most.

  4. Service (economics) - Wikipedia

    en.wikipedia.org/wiki/Service_(economics)

    Service (economics) A restaurant waiter is an example of a service-related occupation. A service is an act or use for which a consumer, firm, or government is willing to pay. [1] Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on. Public services are those that society (nation state, fiscal ...

  5. Market failure - Wikipedia

    en.wikipedia.org/wiki/Market_failure

    Market failure. While factories and refineries provide jobs and wages, they are also an example of a market failure, as they impose negative externalities on the surrounding region via their airborne pollutants. In neoclassical economics, market failure is a situation in which the allocation of goods and services by a free market is not Pareto ...

  6. Business continuity planning - Wikipedia

    en.wikipedia.org/wiki/Business_continuity_planning

    Business continuity planning life cycle. Business continuity may be defined as "the capability of an organization to continue the delivery of products or services at pre-defined acceptable levels following a disruptive incident", and business continuity planning (or business continuity and resiliency planning) is the process of creating systems of prevention and recovery to deal with potential ...

  7. Marginal rate of substitution - Wikipedia

    en.wikipedia.org/wiki/Marginal_rate_of_substitution

    Marginal rate of substitution. In economics, the marginal rate of substitution ( MRS) is the rate at which a consumer can give up some amount of one good in exchange for another good while maintaining the same level of utility. At equilibrium consumption levels (assuming no externalities), marginal rates of substitution are identical.

  8. Regulatory economics - Wikipedia

    en.wikipedia.org/wiki/Regulatory_economics

    A registration or licensing process to approve and permit the operation of a service, usually by a named organization or person; An inspection process or other form of ensuring standard compliance, including reporting and management of non-compliance with these standards; or. The setting of price controls in the form of price-cap regulation or ...

  9. Time-based currency - Wikipedia

    en.wikipedia.org/wiki/Time-based_currency

    In economics, a time-based currency is an alternative currency or exchange system where the unit of account is the person-hour or some other time unit. Some time-based currencies value everyone's contributions equally: one hour equals one service credit. In these systems, one person volunteers to work for an hour for another person; thus, they ...