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What else can I help you with?
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
Land labor capital and Entrepreneurship are what?
Land, labor, capital, and entrepreneurship are the four fundamental factors of production in economics. Land refers to natural resources used in the creation of goods and services, labor encompasses the human effort and skills applied in production, capital includes the tools and machinery used, and entrepreneurship is the ability to innovate and organize these resources effectively to create value. Together, they contribute to the production process and the overall economy.
4 factors of production?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
How can economies grow when one or more of the factors such as labor capital natural resources or entrepreneurship is missing?
An economy can grow even if it's missing an important factor. For example, a country with no natural resources could still rely on skilled workers and technology.
What Distinguish between the resource market and the product market in the circular flow model?
businesses purchase what they use to produce goods and services. Resources are in the form of labor, natural resources, capital, and entrepreneurship, all of which are supplied by households.
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
What are the factors of producion?
The three main ones are land, labor and capital. Some people consider entrepreneurship and natural resources.
What do you call the four resources needed to produce goods and services?
land, labor, capital and entrepreneurship
What are the connections among natural resources entrepreneurship labor and capital in an industrial economy?
Damn...hella lazy sophomore. >.
What following are necessary for production to take place?
Factors of production-land, labor, capital, and entrepreneurship are necessary for production to take place. Land refers to natural resources, labor represents the human input, capital includes physical assets like machinery, and entrepreneurship involves organizing and combining the other factors to create goods and services.
4 factors of production?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
How can economies grow when one or more of the factors such as labor capital natural resources or entrepreneurship is missing?
An economy can grow even if it's missing an important factor. For example, a country with no natural resources could still rely on skilled workers and technology.
What are four factors of production?
Labour Land Capital Entrepreneurship
What Distinguish between the resource market and the product market in the circular flow model?
businesses purchase what they use to produce goods and services. Resources are in the form of labor, natural resources, capital, and entrepreneurship, all of which are supplied by households.
What are four major categories of economic resources?
The four major categories of economic resources are land, labor, capital, and entrepreneurship. Land refers to natural resources such as water, minerals, and forests. Labor represents the physical and mental effort put forth by individuals to produce goods and services. Capital includes man-made resources like machinery, buildings, and technology used in production. Entrepreneurship involves the innovation, risk-taking, and organization of other resources to create new products and services.
What factors of production for this country?
natural resources labor capital entreprenuership
Factors of production history?
Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.
