283 Outcome: Factors of Production
What you’ll learn to do: describe the incomes earned by the factors of production (land, labor, capital, entrepreneurship) wages, interest, rents, and profit
In this outcome, you will learn about income as it relates to both labor and capital markets.
LEARNING ACTIVITIES
The learning activities for this section include the following:
- Reading: The Demand for Labor
- Case in Point: Computer Technology Increases the Demand for Some Workers and Reduces the Demand for Others
- Reading: The Supply of Labor
- Case in Point: An Airline Pilot’s Lament
- Reading: Labor Markets at Work
- Case in Point: Technology and the Wage Gap
- Reading: Time and Interest Rates
- Reading: Interest Rates and Capital
- Reading: Loanable Funds
- Reading: Natural Resources and Conservation
- Self Check: Factors of Production
Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.