Introducing Factor Markets
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Points out that in a market economy, goods and services go to those who purchase them with their incomes. Essentially concerned with who gets how much income and why; this question is answered by examining the factors of production: land, labor, and capital. The distribution of income is shown to be determined by the pricing of the factors of production: land, labor, and capital. The distribution of income is shown to be determined by the pricing of the factors of production.
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