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Who own the factor of production?

Business firms own the factors of production.


When foreign firms build production facilities in the US What are they are engaging in?

When foreign firms build production facilities in the United States, they are engaging in


Why is it that any accumulation of inventories by firms is not included when measuring GDP?

It does not included because it might be a recounting and because accumulation of inventories by firms might be seen as private investment.


Is accumulation of inventories by firms is included in measuring GDP?

no....i think the change in inventory is included but not accumulation..


Where do firms purchase inputs for production from households in?

Firms purchase inputs for production from households in the factor market. In this market, households provide factors of production, such as labor, land, and capital, in exchange for wages, rent, and profits. This exchange facilitates the production process, allowing firms to create goods and services. Households, in turn, use the income earned to purchase finished products from firms in the goods market.


Why do firms engage in the activity of production?

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Firms purchase inputs for production from households in the .?

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There are many different firms that provide human resources recruiting. Included in these firms is Randstad USA, Hanold Associates, and The Christopher Group.


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The advantage of the level production schedule in firms with cyclical sales is resources and labor are spread evenly. The disadvantage of the level production schedule is that it is a costly exercise.


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