Chapter 18: The Market for Factors of Production - Principles of Economics

In this video, I discuss the markets for the inputs of production: land, labor, and capital. This is an important topic in principles of microeconomics or macroeconomics.
Dr. Azevedo
Department of Economics
University of Central Missouri

[@StonedAKhana]

I really appreciate the way you explain these subjects. You’re fairly interesting as a person, your writing is clear, and your examples are relatively close to my life. For instance, I was thinking about trucking as a career a while back, and you gave a trucking example. I’m unable to read and understand most textbooks, so this helps me a ton. I’m confident my Econ final will go well after seeing this!

[@DrAzevedoEcon]

I'm glad to hear the videos have helped you! Good luck with the final!!

[@ayomiposiosisami992]

i have been watching these videos from day one and i am very greatful, currently studying for my finals thanks i know i will do well because of your explanations God bless you

[@DrAzevedoEcon]

You’re welcome! I hope you do great on your finals!

[@summerjho2781]

Excited to watch this and learn!! Thank you!!

[@DrAzevedoEcon]

You're welcome! I hope the video helps.

[@waliullahwardak787]

Beautiful and very useful video.

[@suevaa]

You are a life saver, sir.

[@DrAzevedoEcon]

Glad to help!

[@luislatchman2573]

Best Microeconomics lecture

[@WijthaGayan]

thank y6ou sir. Keep looking forward

[@DrAzevedoEcon]

You're welcome! New video coming in a week.

[@khaledgaber5312]

Really appreciate your effort 🙏 God bless you

[@DrAzevedoEcon]

Thanks! Happy to help!

[@SaniyaRawat742]

Your way of teaching is really awsome and helpful

[@DrAzevedoEcon]

Happy to help! Thanks for the kind words.

[@user-fy9kv5uw1f]

Amazing! that is the same quality lecture as first year program at my economy university seems I had I chance to save money ahaha

[@DrAzevedoEcon]

Glad you're able to use the lectures!

[@sasshanonna7539]

Спасибо!

[@DrAzevedoEcon]

Thank you! Thanks for watching!

[@sarawiebe1764]

Thank you so much for uploading your videos. I take online classes but am a visual learner. I could not have understood microeconomics if it had not been for your videos. I am still having to do chapter 19 and 20, you wouldn’t by any chance have those to upload would you’ll you?

[@DrAzevedoEcon]

Hi Sara! I'm very happy that the videos have been helpful. Unfortunately, I don't have either of those chapters ready to go right now. I'm hoping to put those together in the future, but it won't be in time to help you right now.

[@user-fg7ju3bt8r]

Hi Dr, Thank you for the amazing work. I couldn't find episodes 19-20 on your channel. If I'll skip right to 21, it will be a problem? I'm learning from scratch, which means that if those lessons contain subjects which are critical for the logical undarstanding of the subjects that are being taught on the next lessons, I won't be able to study them properly. Thank you again. best regards from Israel.

[@DrAzevedoEcon]

I'm hoping to make videos for those topics in the future, but I don't have anything yet. For now, skipping those will not hurt you at all. Good luck!

[@MarwaKahlouche]

I want university notes on the factors of production and determining the market for my research🌝

[@Vikermajit]

...in the table, the column 'wages', should be labeled ' marginal wages'...