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.
This is a preview of subscription content, log in via an institution to check access.
Preview
Unable to display preview. Download preview PDF.
Copyright information
© 1991 J. Harvey
About this chapter
Cite this chapter
Harvey, J. (1991). Factor Markets: The Marginal Productivity Theory of Distribution. In: Intermediate Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-21228-6_10
Download citation
DOI: https://doi.org/10.1007/978-1-349-21228-6_10
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-54552-2
Online ISBN: 978-1-349-21228-6
eBook Packages: Palgrave Social & Cultural Studies CollectionSocial Sciences (R0)