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Which factor of production includes such things as machinery and buildings used in the production of other goods?
capital
What is The money needed to start and operate a business or the products used in the production of other goods?
Capital
What consists of all the organizations that acquire goods and services used in the production of other products or services that are sold rented or supplied to other customers?
Business market
What are primary secondary and tertiary industries?
Primary industries is the term used to describe organizations that are involved in the development and production of raw materials, such as meat, grains, minerals, and timber. It is used in various capacities within the primary industry. For example: the forest from which they get wood, or the mine from which they get metal.Secondary industries are involved in the manufacture of goods. Secondary industries often use technology in the development and creation of goods (for example, carpenter, builder, shoemaker, florist, jeweler).Tertiary industries is the term for the field of industries that provide transportation or finance rather than manufacturing or extracting raw materials (for example, Ikea or Ford, car mechanic, T.V. worker, fire fighter, nurse/doctor).
Why Industry that requires a large capital investment and that produces items used in other industries is known as?
An industry that requires a large capital investment and produces items used in other industries is known as a capital-intensive industry. These industries, such as manufacturing, energy production, and heavy machinery, typically involve significant upfront costs for equipment, facilities, and technology. Their outputs serve as essential inputs for various other sectors, thereby driving overall economic activity and productivity.
Joseph Stalin initiated government plans to develop the production of goods such as steel and machines used by other industries?
omg awnser da question like tf
What does the term intermediate goods mean?
Goods that are used in a production of other goods. (by Solomon Zelman)
Goods that are used to produce other goods and services are called what resource?
correct answer is Factors of production
Which factor of production includes such things as machinery and buildings used in the production of other goods?
capital
What kind of goods are used in the production of final goods?
Intermediate goods are used in the production of final goods. They consist of the materials used to create the final product.
What is the distinction between final goods and intermediate goods in the production process?
Final goods are products that are ready for consumption by end-users, while intermediate goods are used in the production of other goods and are not meant for final consumption.
What are capitalized goods?
CAPITAL GOODS include machinery and tools which are used to produce other products for consumption.They are also refferd as 'means of production' or producers' goods!Capital goods are used to produce other goods and services more efficiently
What is an example of an intermediate good and how does it contribute to the production process?
An example of an intermediate good is steel used in the manufacturing of cars. Intermediate goods are products that are used in the production of other goods or services. In this case, steel is essential in the production process of cars as it is used to make the car's frame, body, and other components. Without steel, the production of cars would not be possible, highlighting the crucial role of intermediate goods in the production process.
What goods used in the production of final goods?
Intermediate Goods
What factor of production includes such things as machinery and buildings used in the production of other goods?
The factor of production that includes machinery and buildings used in the production of other goods is called "capital." Capital refers to the physical assets that companies utilize to create products and services, distinguishing it from other factors such as labor and natural resources. It encompasses tools, equipment, and infrastructure essential for production processes.
What is The money needed to start and operate a business or the products used in the production of other goods?
Capital
What are manufactured goods used in the production process?
Capital Goods
