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employment of capital

    0.01 sec.
See: investment


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Bad employment of capital meant that companies had bad returns on investment.
Rapid productivity growth has put a damper on the employment of capital as well.
In the labor market equilibrium, therefore, (3) [Mathematical Expression Omitted] (4) [Mathematical Expression Omitted] and (5) [Mathematical Expression Omitted] Denoting the total endowments of capital and labor K and L, respectively, we can write (6) [Mathematical Expression Omitted] and (7) [Mathematical Expression Omitted] where 960 implies the full employment of capital, and (7) allows for the existence of urban unemployment.
 
 
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