1. It is defined as building up the capital stock for more future production and
consumption
2. It refers to a payment made to or for a factor of production over and above the
amount expected by its owner.
3. It is the government control tool to prevent further exploitation of workers.
4. It is the positive difference between the actual payment made for a factor of
production to its owner and the payment level expected by the owner, due to its exclusivity or
scarcity.
5. It refers to the lowest wage per hour that a worker may be paid as mandated by the
federal law.
consumption
2. It refers to a payment made to or for a factor of production over and above the
amount expected by its owner.
3. It is the government control tool to prevent further exploitation of workers.
4. It is the positive difference between the actual payment made for a factor of
production to its owner and the payment level expected by the owner, due to its exclusivity or
scarcity.
5. It refers to the lowest wage per hour that a worker may be paid as mandated by the
federal law.
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Answer:
1. It is defined as building up the capital stock for more future production and
consumption
2. It refers to a payment made to or for a factor of production over and above the amount expected by its owner.
3. It is the government control tool to prevent further exploitation of workers.
4. It is the positive difference between the actual payment made for a factor of
production to its owner and the payment level expected by the owner, due to its exclusivity or
scarcity.
5. It refers to the lowest wage per hour that a worker may be paid as mandated by the
federal law.