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Why does Eli Manning Make $24 million per year?
Source: Council for Economic Education (EconEdLink) | Type: Lesson
What determines a person's salary? Why do professional athletes make so much money? People who work as firefighters, police officers or teachers are clearly more important to our society, yet they make much less money than jocks. What explains this?
Grades:
Concepts:
- Demand
- Distribution of Income
- Division of Labor
- Human Capital
- Human Resources
- Income
- Labor
- Labor Market
- Resources
- Supply
Standards:
- Economics 1: Scarcity
- Economics 7: Markets - Price and Quantity Determination
- Economics 8: Role of Price in Market System
- Economics 13: Role of Resources in Determining Income
Related Resources:
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