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Stock of equipment and structures

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1. Understand the economy's stock of equipment and structures.

2. Consider how much capital goes to employees.

3. Consider how much capital goes to property owners.

4. Consider why some workers earn higher wages than others, some landowner's higher rental income than others, and some capital owners greater profit than others?

5. Why, in particular, do computer programmers earn more than gas station attendants?

6. Understand the basic theory for the analysis of factor markets.

7. Understand the term factors of production and the three most important factors of production.

8. Understand the term derived demand.

9. What are factors of productions and how their markets work?

Reference no: EM131645574

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