Unformatted text preview: There is a large variety of raw materials, land, capital, equipment, and labor services employed by the firm. Though demand for such inputs is important in theory, there is a special significance concerning the demand for labor. This is because labor is a human factor of production. Labor is not only a means but also an end of all economic activities....
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This note was uploaded on 11/26/2011 for the course EC ec 201 taught by Professor - during the Fall '10 term at Montgomery.
- Fall '10