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1) Capital
2) Labour
3) Human capital
4) Land
5) Technology
Wiki User
∙ 13y ago
Wiki User
∙ 13y agounskilled labor
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Which factor of production is a raw material?
natural resource
Which resource or factor of production is the only one that nations can significantly increase in the short-term?
Capital is the only resource or factor of production that nations can significantly increase in the short term.
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Why money is not considered as factor as production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
What decisions about production must be made to allocate resources effectively?
Information is the basic resource from which decisions are made.
Which factor of production is a raw material?
natural resource
Which resource or factor of production is the only one that nations can significantly increase in the short-term?
Capital is the only resource or factor of production that nations can significantly increase in the short term.
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Why money is not considered as factor as production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
What decisions about production must be made to allocate resources effectively?
Information is the basic resource from which decisions are made.
What type of resource is not an economic factor of production?
Money, political resources, and infrastructure are not considered economic factors of production. Money is considered to be a factor used in trade, mostly. Money is used to trade or sell or buy something and for production to move as well. It can be a huge factor that contribute to production but it mostly envelopes the trade industry.
Is money a resource or factors of production?
Money is considered to be a factor of production figuring the more a company makes the more money they will earn.
Why entrepreneurs is a principal actor in production?
IT IS A PRINCIPAL FACTOR IN PRODUCTION BECAUSE 1. The efficiency of other factor of production depends on him 2. The entrepreneur takes the basic decisions concerning the business entreprise 3.He co-ordinates and organises all other factors of production.
What are factor rewards?
A factor production is a productive resource. The four types are land, labor, capital and enterprise. Rewards for land are rent, for capital is interest, for labor is wages and enterprise is profit.
What is TV as complementary basic resource?
2) TV as a complementary basic resource
Why Ghana i s a mixed factor of production?
because production of goods and services are done or own by both private and government firms or scarce resource are own by both private individual and government
What was the Production Budget for Basic?
The Production Budget for Basic was $50,000,000.
