296 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.

License

Icon for the Creative Commons Attribution 4.0 International License

Microeconomics by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

Share This Book