marginal productivity theory

listen to the pronunciation of marginal productivity theory
الإنجليزية - الإنجليزية
In economics, the theory that firms will pay a productive agent only what he or she adds to the financial earnings of the firm. Developed by writers such as John Bates Clark and Philip Henry Wicksteed at the end of the 19th century, marginal productivity theory holds that it is unprofitable to buy, for example, a man-hour of labour if it costs more than it contributes to its buyer's income. The amount in excess of costs that a productive input yields is the value of its marginal product; the theory posits that every type of input should be paid the value of its marginal product
marginal productivity theory

    الواصلة

    mar·gin·al pro·duc·ti·vi·ty the·o·ry

    التركية النطق

    märcınıl prōdıktîvıti thiıri

    النطق

    /ˈmärʤənəl ˌprōdəkˈtəvətē ˈᴛʜēərē/ /ˈmɑːrʤənəl ˌproʊdəkˈtɪvətiː ˈθiːɜriː/
المفضلات