Question
The study of factor pricing is alternatively called the theory of
Answer: Option B
Answer: (b)
In economics, the study of factor pricing is related to the theory of functional distribution which attempts to explain the prices of land, labour, and capital.
It sees the demand for land, labour, and capital as derived demand, stemming from the demand for final goods.
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Answer: (b)
In economics, the study of factor pricing is related to the theory of functional distribution which attempts to explain the prices of land, labour, and capital.
It sees the demand for land, labour, and capital as derived demand, stemming from the demand for final goods.
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