salary or income for supplying the factors of production, economics homework help

As we discussed in the previous screen, people receive a salary or income for supplying the factors of production. Of great debate are the amount and types of work various individuals must perform and the payments they receive. Some feel that a doctor should receive more money than a farmer because of the expensive schooling he must go through to become a doctor. Others feel that the backbreaking work and long hours that farmers put in entitles them to higher salaries.

 
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