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Home Theory of Factor Pricing OR Theory of Distribution

Theory of Factor Pricing OR Theory of Distribution:

 

Introduction to Theory of Factor Pricing or Theory of Distribution:

 

The theory of distribution or the theory of factor pricing deals with the determination of the share prices of four factors of production, viz., land, labor, capital and organization. Continue reading.

 

Marginal Productivity Theory (Neo-Classical Version):

 

The marginal productively theory is an attempt to explain the determination of the rewards of various factors of production in a competitive market. Continue reading.

 

Firm's Equilibrium in the Factor Market Under Perfect Competition:

 

In a perfectly competitive market, an individual firm cannot influence the market price of a factor by increasing or decreasing its demand. So it has to hire units of a factor at its prevailing price in the market. Continue reading.

 

Modern Theory of Factor Pricing Under Perfect Competition:

 

The modern economist discard the marginal productivity theory on the ground that it completely ignores the supply side of a factor of production. Continue reading.

 

 

 

Principles and Theories of Micro Economics
Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
Elasticity of Supply
Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
Price and Output Determination Under Monopolistic/Imperfect Competition
Theory of Factor Pricing OR Theory of Distribution
Rent
Wages
Interest
Profits
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
National Debt and Income Determination
Fiscal Policy
Determinants of the Level of National Income and Employment
Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
Development and Planning Economics
Introduction to Development Economics
Features of Developing Countries
Economic Development and Economic Growth
Theories of Under Development
Theories of Economic Growth
Agriculture and Economic Development
Monetary Economics and Public Finance
History of Money

 

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