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What is One difference between labor and entrepreneurial resources?
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Categories used to classify economic resources?
Land, Labor, Capital, and Entrepreneurial Ability
Why is entrepreneurial ability distinct from labor?
Because entrepreneurial ability is directly engaged in production
How does market and government differ in allocation of resources?
the difference in market and government occurs in the allocation of resources and labor division which determines the prices
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
What list contains the four factors of production?
land, labor, capital, and entrepreneurial skills
Categories used to classify economic resources?
Land, Labor, Capital, and Entrepreneurial Ability
Why is entrepreneurial ability distinct from labor?
Because entrepreneurial ability is directly engaged in production
What is the difference between social legislation and labor legislation?
difference between labor law and social legislation
What is the difference between labor law and social legislation?
Labor law specifically deals with regulations related to employment, such as wages, working conditions, and employee rights. Social legislation, on the other hand, encompasses a broader range of laws that aim to protect and support individuals' social welfare, such as healthcare, social security, and education. Labor law is a subset of social legislation, focusing on the rights and obligations of workers and employers.
Information of free labor vs slave labor?
what is the difference between slave labor and free labor
What are elements of business system?
capital entrepreneurial ability land labor
What are the elements of business system?
capital entrepreneurial ability land labor
What is the difference between slave labor and wage labor?
Abraham Lincoln thought the difference was only that wage labor was temporary and slavery was permanent.
How does market and government differ in allocation of resources?
the difference in market and government occurs in the allocation of resources and labor division which determines the prices
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
What is the difference between craft and labor?
Craft is building something labor is working on something.
What list contains the four factors of production?
land, labor, capital, and entrepreneurial skills
