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Large salaries - PowerPoint PPT Presentation

The Markets for Labor and Other Factors of Production

The Markets for Labor and Other Factors of Production. Factors of production Labor, capital, natural resources, and other inputs used to produce goods and services. Derived demand The demand for a factor of production depends on the demand for the good the factor produces.

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Large salaries - PowerPoint PPT Presentation

The Markets for Labor and Other Factors of Production