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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.

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Concepts

productivity, human capital, human resources, labor, wages

Additional Tags

market value, productive resources, accounting loss, accounting profit, council for economic education, econedlink, investment, labor market, prices of inputs, wage

Classroom Considerations

Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)

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