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What do the engineers who design the capital goods such as machinery contribute to the production process?
Wiki User
∙ 10y ago
intellectual labor
Wiki User
∙ 10y ago
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the machinery and tools used to create a product are part of which factor of production?
capital
What term comes under the broad definition for factors of production?
of technology, obsolete machinery, innovations, capital,patent rights it is CAPITAL
Example of what factor of production?
Land, Labour, Capital and Entrepreneurship are the factors of production. Examples are Land, Labour in the form of employees, Capital like machinery used in different companies and industries are examples of factors of production.
Why is the garbage truck factor of production?
Physical Capital consist of things like machinery equipment, factory, bulding, computers & even hand tools
Items such as machinery buildings and other goods that are designed to increase the production potential of the economy are classified into which of these categories?
fixed capital
What do the engineers who designed the capital goods such as Machinery contribute to the production process?
intellectual labor
What capital contribute to production?
capital is the fund which is brought into the business, It is the source which is used to buy the Asset (machinery) and Raw materials. With the help of the machinery only the working process will be carried on and we can produce the goods. Therefore i conclude it by saying capital is the very much essential in Production.
Which factor of production includes such things as machinery and buildings used in the production of other goods?
capital
the machinery and tools used to create a product are part of which factor of production?
capital
What does capital contributes to production?
capital is the fund which is brought into the business, It is the source which is used to buy the Asset (machinery) and Raw materials. With the help of the machinery only the working process will be carried on and we can produce the goods. Therefore i conclude it by saying capital is the very much essential in Production.
What term comes under the broad definition for factors of production?
of technology, obsolete machinery, innovations, capital,patent rights it is CAPITAL
What contributes to production?
capital is the fund which is brought into the business, It is the source which is used to buy the Asset (machinery) and Raw materials. With the help of the machinery only the working process will be carried on and we can produce the goods. Therefore i conclude it by saying capital is the very much essential in Production.
Example of what factor of production?
Land, Labour, Capital and Entrepreneurship are the factors of production. Examples are Land, Labour in the form of employees, Capital like machinery used in different companies and industries are examples of factors of production.
Why is the garbage truck factor of production?
Physical Capital consist of things like machinery equipment, factory, bulding, computers & even hand tools
Items such as machinery buildings and other goods that are designed to increase the production potential of the economy are classified into which of these categories?
fixed capital
What Items such as machinery buildings and other goods that are designed to increase the production potential of the economy are classified into which of these categories?
Fixed capital
What are the Factors of production give examples?
land labour e.g frame work,teaching and researching. enterprenuership capital eg machinery and manufacturing plant for private capital and infrastructure for public capital.
