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Land and Labor and Capital as a Condition for Development Economy

Author

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  • Mrdak, Gordana
  • Knezevic, Rade

Abstract

The market is the market of production factors land, labor and capital. Factors of production have its price. For a country pays rent, wages for work of a capital interest. In the capital market, there are two sizes: K - capital stock and K ‘- the interest rate. Bearer of the offer here is the lender, the borrower and the holder of the demand. Capital is the money you invest in the elements of the production process and has the ability to be at the end of the production process increase.

Suggested Citation

  • Mrdak, Gordana & Knezevic, Rade, 2014. "Land and Labor and Capital as a Condition for Development Economy," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 60(3), September.
    • Handle: RePEc:ags:sereko:289173
    DOI: 10.22004/ag.econ.289173
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    Cited by:

    1. Goran Milošević & Mirko Kulić & Zvezdan Đurić & Olivera Đurić, 2020. "The Taxation of Agriculture in the Republic of Serbia as a Factor of Development of Organic Agriculture," Sustainability, MDPI, vol. 12(8), pages 1-17, April.

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    Keywords

    Production Economics;

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