marginal productivity theory of wages
Definition
Economic concept that demand for labor is determined by its marginal productivity, and the wage rates are determined by the value of the marginal product of labor. Also called marginal productivity theory of income distribution.
marginal productivity theory of wages is in the Economics, Politics, & Society and HR, Teams, & Training subjects.
marginal productivity theory of wages appears in the definition of the following term: marginal productivity theory of income distribution
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