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  • The Firm in a Capitalist System

Definition of a Residual Claimant

A residual claimant is the person or entity entitled to the income remaining from a firm's revenues after all contractual costs have been paid. These costs include payments to employees, managers, suppliers, creditors, and taxes. This position is unique to the firm's owners; employees and managers are not residual claimants unless they also have an ownership stake.

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Social Science

Empirical Science

Science

Economy

CORE Econ

Ch.1 The Capitalist Revolution - The Economy 1.0 @ CORE Econ

Economics

Ch.1 Prosperity, inequality, and planetary limits - The Economy 2.0 Microeconomics @ CORE Econ

Ch.6 The firm and its employees - The Economy 2.0 Microeconomics @ CORE Econ

The Economy 2.0 Microeconomics @ CORE Econ

Introduction to Microeconomics Course

The Economy 1.0 @ CORE Econ

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