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Wage s employment - PowerPoint PPT Presentation

Market for Factors of Production

Market for Factors of Production. Factors of Production Inputs used to make another good Land, Labor, Capital Factor Markets The demand for a factor of production is a derived demand It is derived from the supply decision to produce the good/service that it is a factor of. Demand for Labor.

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Wage s employment - PowerPoint PPT Presentation

Market for Factors of Production