Manual Labor

Blue-Collar
A term used to describe employees performing manual labor, often requiring a work uniform, which may be blue in color. Blue-collar workers range from unskilled to skilled employees and are subject to wage and hour laws, including overtime pay for working more than 40 hours per week.
Cottage Industry
A cottage industry is a system of production where goods are manufactured by artisans or workers at their homes rather than in factories. These are often small-scale and involve manual or semi-mechanized operations.
Sweat Equity
Sweat equity refers to the value added to a property by improvements resulting from work performed personally by the owner. It is a non-monetary investment that enhances the worth or appeal of an asset through manual labor and personal effort.

Accounting Terms Lexicon

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