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About 7 results
  • 14.4: Capital and Natural Resource Markets
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/14%3A_Inputs_to_Production%3A_Labor_Natural_Resources_and_Technology/14.4%3A_Capital_and_Natural_Resource_Markets
    There are three factors of production that are required to produce economic output: land, labor, and capital.
  • 14.2: Labor Market Equilibrium and Wage Determinants
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/14%3A_Inputs_to_Production%3A_Labor_Natural_Resources_and_Technology/14.2%3A_Labor_Market_Equilibrium_and_Wage_Determinants
    Equilibrium in the labor market requires that the marginal revenue product of labor is equal to the wage rate, and that MPL/PL=MPK/PK .
  • 1.4: Basic Economic Questions
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/1%3A_Principles_of_Economics/1.4%3A_Basic_Economic_Questions
    A firm’s production outputs are what it creates using its resources: goods or services.
  • 34.1: Interest
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/34%3A_Interest_and_Profit/34.1%3A_Interest
    In economics, capital references non-financial assets used in the production of goods and services.
  • 9.1: The Production Function
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/9%3A_Production/9.1%3A_The_Production_Function
    The production function relates the maximum amount of output that can be obtained from a given number of inputs.
  • 24.4: Aggregate Supply
    https://socialsci.libretexts.org/Bookshelves/Economics/Economics_(Boundless)/24%3A_Aggregate_Demand_and_Supply/24.4%3A_Aggregate_Supply
    Aggregate supply is the total supply of goods and services that firms in a national economy plan to sell during a specific time period.
  • 7.3: Labor Productivity and Economic Growth
    https://socialsci.libretexts.org/Bookshelves/Economics/Principles_of_Macroeconomics_3e_(OpenStax)/07%3A_Economic_Growth/7.03%3A_Labor_Productivity_and_Economic_Growth
    Rapid rates of economic growth can bring profound transformation. (See the following Clear It Up feature on the relationship between compound growth rates and compound interest rates.) If the rate of ...Rapid rates of economic growth can bring profound transformation. (See the following Clear It Up feature on the relationship between compound growth rates and compound interest rates.) If the rate of growth is 8%, young adults starting at age 20 will see the average standard of living in their country more than double by the time they reach age 30, and grow more than sixfold by the time they reach age 45.

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