Labor
what foods help increase intrisic factor
if at-least one factor of production is constant, production function is infact short-run production function
The factors of production are the resources needed for producing goods and services in an economy, including land, labor, capital, and entrepreneurship.
The production function for a firm is the relationship between the quantities of inputs per time period and the maximum output that can be produced. It can be calculated for one or more than one variable factors of production. The one variable factor of production function corresponds to the short-run during which at least one factor of production is fixed .
enumirate the different factor of production?
The Production Budget for Chill Factor was $34,000,000.
Capital is the only resource or factor of production that nations can significantly increase in the short term.
why the labour as a mobile factor of production may be unwilling to move
the cost of factor of production
The main factor influencing production is consumer demand.
The final cost varies according to the resulting factor, not in proportion of the affecting change.
money acts as a factor of production. it is because the other factors of production are indirectly dependent on money. more the money paid to any factor of production more it will work. hence money encourages other factors of production to work more.