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The money used to buy the tools and equipment needed for production is known as?
Wiki User
∙ 12y ago
Financial Capital
Wiki User
∙ 12y ago
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What word means Money used to buy tools and equipment used in production?
Capital is money used to buy tools and equipment to make goods or provide services. Capital goods are machines, tools, buildings and the like, used in production.
What is the money equipment labor etc. needed to run a business called?
Capital
What is a resource for a research project?
Resources for a research project would include: - People you need to get your information from - Equipment needed to do the research - Equipment needed to record and publish the research - Time and money
What is The money needed to start and operate a business or the products used in the production of other goods?
Capital
Why was there more cotton production after the civil war?
south needed money to pay off the debts
What was Henry fords theory of production profit and labor relations?
Henry Ford's theory was based on achieving higher profits by increasing production efficiency through the use of assembly line techniques, standardizing parts, and paying workers higher wages to reduce turnover and increase productivity. This became known as Fordism and greatly influenced industrial practices around the world. Ford's introduction of the $5 day wage was a key element of his labor relations strategy, intended to reduce employee turnover and create a stable workforce.
What equipment needed to open a hotel?
heating, ventilate and boiler are the main
What equipment would be needed to start a deli?
Meat slicer, hair net, knife, bread, condoments, money, and more.
Why are costs profit and revenue important?
Revenue is important because it is the money that comes into the business and the business will be able to use it on any possible equipment or resources that are needed. Profit is important because it is the money the business has after deducting all the costs. The business will be able to spend this money on any equipment or resources that are needed. Costs is important because it helps the business see how much money this business will have after payng for all the costs.
How much money does a medical billing and decoding person earn?
how much can med decoding can make working from home and what equipment is needed
Why is money a factor of production?
money acts as a factor of production. it is because the other factors of production are indirectly dependent on money. more the money paid to any factor of production more it will work. hence money encourages other factors of production to work more.
What things are needed to climb Everest?
There are many things needed to climb Mount Everest. Lots of money. Experience in climbing. To be fit and healthy. See the link for a list of equipment that you also need.
