0
Business is the organization which accumulates labor and capital in such a way that some product or service is created that can be exchanged either for other such productions or an intermediary (such as money or credit).
Labor refers to human capital that is "put to work."
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
What is relationship between business and labor?
Without labor, a business cannot run.
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
Explain the difference between profit and profitability and why this difference is important in business?
Profit is what you made after the costs of material for a product or labor for a service. Could be you sold a product or service. Profitability is what you could make. Is that there is a need that needs to be filled or replaced and you can make money doing it.The difference is very important when your planning out location of business, target market, labor any expenses that go into the product or service Or even what your company wants to provide.A business that is not making profit will eventually run out of money and go out of business.
What is difference between provide and supply?
in business
What is the difference between the revenue that a business gets for its goods and services and the cost of producing the goods and services?
Labor
What is relationship between business and labor?
Without labor, a business cannot run.
What is the difference between social legislation and labor legislation?
difference between labor law and social legislation
What is the difference between micro business and small business?
difference micro business
Information of free labor vs slave labor?
what is the difference between slave labor and free 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.
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 Bachelor of Science in business admin and bachelor of business admin?
what is the difference between bachelor of science in business administration and bachelor of business administration.
What is the difference between craft and labor?
Craft is building something labor is working on something.
What is the difference between business and applied business?
nothing
What is the difference between a self service business and a self selection business?
What is the difference between a self service and a self selection
What is the difference between cooperative and other business organization?
Check
