How does the accumulation of capital goods by Dr. Robert Murphy

Question 53 / 96: How does the accumulation of capital goods help workers who don't own them?

Answer:

Workers are paid according to their marginal productivity. When

they combine their labor with better tools and equipment, workers

can produce more per hour, so they end up earning a higher

wage, even if they don't own the tools they're using.

Sample Partial Credit Answer

If more stuff is produced, people are richer.

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https://www.jobilize.com/capitalism-the-market-economy-by-dr-robert-murphy-mises

Capitalism: The Market Economy

Access: Public Peer Review

Dr.Robert MurphyAssociated Scholar

Mises Institute

USA

Attribution: Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY

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