Asked by
Brooklyn Jackson
on Dec 19, 2024
Verified
Broadly defined, labor's share of national income has been remarkably stable since 1900.
National Income
The total amount of money earned within a country, consisting of wages, rents, interest, and profits from domestic and foreign sources.
- Identify the characteristics of economic resources and differentiate between them (e.g., land, labor, capital).
Verified Answer
DL
Learning Objectives
- Identify the characteristics of economic resources and differentiate between them (e.g., land, labor, capital).