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I would like to welcome you and greet you for attending my lectures, which are corresponding with useful topics. One of my articles is indicating to business topic. Business is considered an urgent topic, which everyone is concerned to deal in it, in order to gain his/her standard of living. On the other hand, many [...]

Devised by Swiss mathematician Leonhard Euler (1707-1783), Euler’s theory is a theory of distribution based on marginal productivity.
Euler showed that under constant returns to scale, if each factor of production is paid the value of its marginal product, total output (income) will be completely exhausted.
Written by: Jayashree Pakhare
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