Sentence examples for productive factor from inspiring English sources

Friedrich von Wieser based the value of productive resources on their contribution to the final product, recognizing that changes in the amount used of one productive factor would alter the productivity of other factors.

The basic idea in neoclassical distribution theory is that incomes are earned in the production of goods and services and that the value of the productive factor reflects its contribution to the total product.

Allan Dizioli and Roberto Pinheiro, "Health Insurance as a Productive Factor," Labour Economics 40 (June 1 , 2016: 1 24, https://doi.org/10.1016/j.labeco.2016.03.002.org/10.1016/j.labeco.2016.03.002

The ideal solution is to take every kind and quality of labour as a separate productive factor, and likewise with capital.

The partial land, labor and capital productivities are 163643.90 francs CFA/ha, 1716.92 francs CFA/Man.Day, and 2.48 respectively, implying that land is the most productive factor.

The modern extension of this view is that the return to any other component in production may also contain elements of rent, consisting of the difference between the income of a productive factor and its real supply price or cost.

In a theoretical work that assumes a "regime of perfectly free competition," Walras constructed a mathematical model in which productive factors, products, and prices automatically adjust in equilibrium.

Changes occur in the way productive factors are organized and production is carried on.

Production function, in economics, equation that expresses the relationship between the quantities of productive factors (such as labour and capital) used and the amount of product obtained.

The demand side of the markets for productive factors is explained in large degree by the theory of marginal productivity, but the supply side requires a separate explanation, which differs for land, labour, and capital.

The neoclassical theory endeavours to explain the prices of productive factors and the distributive shares received by them.