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Labor surpluses - PowerPoint PPT Presentation

Labor and the Factor Market

Labor and the Factor Market. Factor Market. The factor market includes Land, Labor, and Capital. Land: The space needed to do work, as well as the natural resources of the Earth. Labor: This is the work produced by people, as opposed to the work produced by robots or other means.

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Labor surpluses - PowerPoint PPT Presentation

Labor and the Factor Market