Economic return
Benefit distributed to the owner of a factor of production
Nº Q2921032 ★★★
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Economic return
Benefit distributed to the owner of a factor of production
Economic returns are the gains in output, income, or value, which are generated from the employment of productive inputs or resources. The concept encompasses three related but distinct ideas depending on context: The distribution of income among factors of production (wages, rent, interest, and profit).
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Texte en anglais Pas encore d'article dans ta langue : extrait en anglais.
Economic returns are the gains in output, income, or value, which are generated from the employment of productive inputs or resources. The concept encompasses three related but distinct ideas depending on context: The distribution of income among factors of production (wages, rent, interest, and profit). The relationship between changes in inputs and resulting changes in output (returns to scale, marginal returns). The surplus generated above all costs, including opportunity costs (economic profit). Economic returns can be thought of as the counterpart to cost. Every payment to a factor of production is simultaneously a cost to the payer and a return to the recipient.
Texte : Wikipédia en anglais, CC BY-SA 4.0. ·
