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labor as a factor of production

См. также в других словарях:

  • factor of production — noun A resource employed to produce goods and services, such as labor, land, and capital …   Wiktionary

  • Factor price equalization — is an economic theory, which states that the relative prices for two identical factors of production in the same market will eventually equal each other because of competition. The price for each single factor need not become equal, but relative… …   Wikipedia

  • Production–possibility frontier — In economics, a production–possibility frontier (PPF), sometimes called a production–possibility curve or product transformation curve, is a graph that compares the production rates of two commodities that use the same fixed total of the factors… …   Wikipedia

  • Labor theory of value — The labor theories of value (LTV) are theories in economics according to which the values of commodities are related to the labor needed to produce them.There are many different accounts of labor value, with the common element that the value of… …   Wikipedia

  • Labor unions in the United States — function as legally recognized representatives of workers in numerous industries. The most prominent unions are found among public sector employees such as teachers and police. Activity by labor unions in the United States today centers on… …   Wikipedia

  • Factor income — is the returns received on factors of production: rent is return on land, wages on labor, interest on capital, and profit on entrepreneurship.Part of current account with balance of trade (exports minus imports of goods and services) and net… …   Wikipedia

  • Factor shares — In macroeconomics, factor shares are the share of production given to the factors of production, usually capital and labor. This concept uses the methods and fits into the framework of neoclassical economics. Derivation In exogenous growth models …   Wikipedia

  • LABOR — Jewish Labor Organizations IN THE PRE STATE PERIOD Since the last decades of the 19th century, a number of sporadic labor associations have arisen in agriculture and in the printing, clothing, and building trades, as well as groups limited to a… …   Encyclopedia of Judaism

  • Factors of production — In economics, factors of production means inputs and finished goods means output. Input determines the quantity of output i.e. output depends upon input. Input is the starting point and output is the end point of production process and such input …   Wikipedia

  • Marginal product of labor — In economics, the marginal product of labor also known as MPL or MPN is the change in output from hiring one additional unit of labor. It is the increase in output added by the last unit of labor.[1] Ceteris paribus that no other inputs to… …   Wikipedia

  • Cobb–Douglas production function — A two input Cobb–Douglas production function In economics, the Cobb–Douglas f form of production functions is widely used to represent the relationship of an output to inputs. Similar functions were originally used by Knut Wicksell (1851–1926),… …   Wikipedia

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