Resource Markets

the amount of labor or number of workers that firms are looking to hire

the amount of money that firms want to borrow to fund purchases of physical capital

a demand formed out of the need for something else, an indirect demand

input used during the creation of products

cost of borrowing money, expressed as a percentage of the amount borrowed; or, equivalently, the return on savings

wherein a person desires to work at the minimum or accepted wage but is instead without a job

the market where employers hire workers and workers look for jobs

time spent not working

the incremental output produced by hiring an additional unit of labor while keeping all other inputs to production the same

the incremental revenue created by an additional unit of labor

the interaction between individuals trying to save and earn a return and firms trying to borrow in order to purchase physical capital

a factor of production or input to the production process such as machinery, buildings or computers

the value from today's perspective of a sequence of future costs and payments

the number of worker-hours, worker-days, etc., supplied or demanded in a labor market

where businesses go to purchase inputs needed for production

the total amount of hours that employees are available to work

the amount of money available in the market for loans