Factor Markets: The Marginal Productivity Theory of Distribution

  • Jack Harvey
Chapter

Abstract

Factors of production cooperate together to produce the national product. Each of these factors is owned by somebody. How much of the cake each individual in the country obtains depends upon (i) how much of the factors is owned, and (ii) the reward each factor receives.

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Copyright information

© J. Harvey 1991

Authors and Affiliations

  • Jack Harvey

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