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Some people are motivated to persist in certain behaviors for the simple reason that they like to do them.This is called
Human Capital
The competencies, understanding, and expertise held by a person or group, considered regarding their importance to a company or community.
Higher Salaries
Refers to wages that are above the average for a particular profession or region, often due to high demand, skill level, or experience.
Marginal Costs
The additional cost incurred from the production of one more unit of a product or service.
Value of Marginal Product
The additional revenue a firm generates from employing one more unit of input, such as labor, assuming all other inputs are constant.
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