What are the factors of production that influence the economies of the US Great Britain and China?
The Factors of Production are Land, Labor, Capital (Wealth), and Natural Resources
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A market economy. The economy of the United Kingdom is the sixth-largest national economy in the world measured by nominal GDP and seventh-largest measured by purchasing po…wer parity (PPP), and the third-largest in Europe measured by nominal GDP (after Germany and France) and second-largest measured by PPP (after Germany). Please see the link below
China is still a communist nation. The government stronglyinfluences the economy by its policies, taxes, and otherprocedures.
i believe its a market economy.
The leaders of China, Russia, Great Britain, and the United Stateswere known as the Big Four. They were the largest players in theAllied Powers during World War II.
A capitalist free market economy that is more geared towards the service sector these days
by the mongolians in vading china Qin Shi Huang had the great wall built stirdy and strong
About 25% of Britain's land is arable, and almost half is suitable for meadows and pastures. Its agriculture is highly mechanized and extremely productive; about 2% of the lab…or force produces 60% percent of the country's food needs.
the factors that influence the types of production a business should use are:- . the size of the market, . the type of production demanded, . technological aspects of the …product that is demanded and . is it able to be produced by using the flow production method.
-exploration and colonialism -sea power -political stability -government support -growth of private investment
yes great Britain has mixed economy(more in past than now). The economy is mixed because business are allowed to decide how they control their finances and transport is owned …by coropations but services like health care and education are paid for by the government.
The factors of production contributed to the industrial revolution.The improvements in the process of productions (land,labor andcapital) so more people were inventing new too…ls or machinery whichled to a great amount of products in other words it was theindustrial revolution. England is said to be the nation where theindustrial revolution began in the early 18th century.
They wanted to expand their global empire and open their markets to Far East goods, specifically silk and opium.
Well you could modify land in order to make itmore productive to the task. If it is an agriculturalenterprise,you could till land. You could also provide governmentincentives …for utilization of land for specific purposes - forexample some governments may give tax breaks if certain parcels ofland are used for a particular industry by private enterprise. Labor can be improved by better education and training supported bygovernment policies. Capital would be improved by making more fixed investment -producing certain kinds of machines, quality control standards etc. Enterprise can be encouraged by attracting foreign directinvestment or inciting MNCs to invest in your country. Incentivescan also be given to entrepreneurs.