Get Free Access for 10 Days!
Lesson Plan

Econ Ed Link: A Fair Wage

Curated by ACT

Income for most people is determined by the market value of the productive resources they sell. What workers earn depends, primarily, on the market value of what they produce and how productive they are.

3 Views 0 Downloads
Concepts
productivity, human capital, human resources, labor, wages
Show More Show Less
Additional Tags
market value, productive resources, accounting loss, accounting profit, council for economic education, econedlink, investment, labor market, prices of inputs, wage
Show More Show Less
Classroom Considerations
  • Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)