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What is land and natural resources labor capital and entrepreneurship?
Wiki User
∙ 13y ago
Factors of Production
Wiki User
∙ 13y ago
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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
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 is the five factors of production?
the factor of production are:land, labour, capital, and enterpreneurship The above is too specific: The Four Factors of production are: Natural Resources (Land and all other resources ie. water, air etc.) Capital (Same, revenue and assets) Human Resources (Labor, in addition to any other human provided service, not limited to labor alone) Entrepreneurship (Same, the Ability, Freedom and Guarantee that business's can be established and operate with out too many restrictions)
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. >.
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 four factors of production?
Labour Land Capital Entrepreneurship
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.
What is the five factors of production?
the factor of production are:land, labour, capital, and enterpreneurship The above is too specific: The Four Factors of production are: Natural Resources (Land and all other resources ie. water, air etc.) Capital (Same, revenue and assets) Human Resources (Labor, in addition to any other human provided service, not limited to labor alone) Entrepreneurship (Same, the Ability, Freedom and Guarantee that business's can be established and operate with out too many restrictions)
The resources that contribute to the creation of wealth are known as?
Factors of Production 1. Land 2. Labor 3. Capital 4. Entrepreneurship 5. Knowledge
