memes

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Commission pay is a form of wage calculation where each employee is paid a percentage of the profits based on their labour.

Commission pay is usually applied in one of its various forms to managers and retailers, but It could - in theory - be applied to most workers. Products are sold by sales reps, but the sale itself isn't happening solely due to the reps' efforts - or that of a marketing team. Base craftsmanship quality of a piece or service is still a factor in any sale and adds to the value of a product.

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Cooperative(usually abbreviated to co-op) is an "autonomous association of people who voluntarily join together to meet their common needs in a democratically controlled joint venture". There's more than one type of co-op in economics; in our case it's a worker cooperative: simple workers joining together in a democratic fashion to alleviate business hardships while fairly distributing the rewards.

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I thought they were the best chapter so I'd start with them. Why are you frowning?

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Social ownership (of the means of production) is the antipode to private ownership(#31) - it's when all members of a society own all the means of production of said society. In our case, the "society" in question is the collective working the workshop.

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Class conflict - sometimes also called class struggle - is the conflict of interests between social classes. In its base form, it's usually categorized as the battle of rich vs poor, but it can take on many forms. In economics, the primary struggles usually stem from power and and resource distribution inequalities between warring classes.

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Cute Russian comic. The home of the official English version is here if anyone wants to skip ahead (or support them): https://boosty.to/gabiconomics-en

Piecework - or the piece rate wage system is a form of wage calculation in which an employee's income depends on the quantity of products produced or tasks performed.