On the Notion of ‘Factor of Production’ in Economic Theory
In the marginalist view, production results from the services of the factors, with wages, rent and interest understood as rewards for their contributions. The principle of marginal productivity provided a logical foundation for this idea; but this mechanism requires factors measured in ‘technical un...
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Veröffentlicht in: | Metroeconomica 2024-11 |
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Format: | Artikel |
Sprache: | eng |
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