Examlex
A firm has 8 workers and each earns $100 a day.If the 8th worker has an MRP of $80,then the firm has _______ workers.
Compensation of Employees
Refers to the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done.
Total Income
Represents the aggregate revenue or earnings received by an individual, group, or entity from all sources before any deductions or taxes.
Human Capital
The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Physical Capital
The collection of tangible assets such as machinery, buildings, and equipment that are used in the production process.
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