Look up: Wage-rental ratio


  1. Wage-rental ratio
    The ratio of the wage of labor to the rental price of either capital or land, whichever is the other factor in a two-factor Heckscher-Ohlin model. The ratio plays a critical role in this model since it determines the ratios of factors employed in both industries.
    Found op http://www-personal.umich.edu/~alandear/glossary/w.html

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