Capital and Natural Resource Markets

There are three factors of production that are required to produce economic output: land, labor, and capital.

The prices of different factors of production can help determine which products a country will produce.

Firms will demand more of a resource if the marginal product of the resource is greater than the marginal cost.

Demand for the type of workers that can provide positive marginal productivity over marginal cost will see an increase in their wages.

A capital market is a financial exchange for the buying and selling of long-term debt and equity-backed securities.

Commodity markets are exchanges that trade in primary rather than manufactured products.