Theory of Factor Pricing
Theory of Factor Pricing
Wages: Marginal Productivity Theory of Wages
- Wages means payment made to employees by employers in terms of money for the services rend...}
Theory of Factor Pricing
Rent: Modern Theory of Rent
- Rent means the payment made by tenants to landlords for the use of a building, or machiner...}
Theory of Factor Pricing
Interest: Loanable Funds Theory of Interest
- This theory was formulated by a Swedish economist Knut Wicksell
- Later, other Swe...}
Theory of Factor Pricing
Liquidity Preference Theory of Interest
- This theory was propounded by Keynes in his famous book, The General theory of Employment,...}
Theory of Factor Pricing
Profits: Dynamic Theory and Innovation Theory
- In economics profits can be defined as the net income of a business after all the other co...}