Introducing Factor Markets

Duration: 0:33:00

Creator: Indiana University Audio-Visual Center | Indiana University Instructional Support Services | National Educational Television

Format: 16mm

Color: B&W

Sound: sound

Description: 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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Original permalink · Record added: 2024-04-20 17:04:52