Production Factors - Productive Factors & Income Distribution DRAFT PAPER for discussion and further development

H. Gürak

General Economics and Teaching from University Library of Munich, Germany

Abstract: Unfortunately, there are no globally agreed definitions on the key terms mentioned above. Nor are there any globally accepted approaches and/or remedies to the economic relations of mankind. The major aims of this work are partly to reconsider and when necessary to redefine, the “conventional” key concepts such as labor, capital, interest, rent, and accordingly analyze the distribution of functional income. The questions to be analyzed in the following sections are: Which are the factors of production? Is the term production factor identical with the term productive factor ? What is the difference between them? Which factors “earn ” a share of the income generated? And which receive an “unearned” share? Which forces influence the distribution and redistribution of income among labor and capital; the ability to generate value or the ownership rights?

Keywords: Productive Factors; Wage; Profit; Interest; Rent; Earned Income; Unearned Income (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Pages: 66 pages
Date: 2004-10-26
Note: Type of Document - doc; pages: 66
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0410/0410003.pdf (application/pdf)
https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0410/0410003.ps.gz (application/postscript)
https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0410/0410003.doc.gz (application/msword)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpgt:0410003

Access Statistics for this paper

More papers in General Economics and Teaching from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).