Thomas Edison: Employee

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Employee


An Employee is any entity that is hired by employers. Typically, it is a
worker who is hired to perform a specific job. The employee is in a contract
between two parties, the other being the employer, and is called employment.
Employees exist in the public, nonprofit, and household sectors (besides the
"for-profit" sectors).

The employee contributes labour to an enterprise. Employees preform the
discrete activity of economic production. An employee may contribute to the
evolution of the enterprise, but usually has little control over the
productive infrastructure, such as intellectual property and business
contacts. Employees usually are the labour in the three factors of
production, the others being land and capital.

Employees are assigned a set of tasks, each task being "the job" of the
employee. Typical examples include - accountants, solicitors, lawyers,
photographers, among many other worker classifications.

Workers who sell their labor on their own are called independent contractors
and they are not technically classified as employees.

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