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How does technology differ from capital as a factor of production?

Factors of production typically include land, labor, capital, and natural resources. These inputs are used directly to produce a good or service. Technology, on the other hand, is used to put these factors of production to work. ... An improvement in technology usually means that fewer and/or less costly inputs are needed.


What factors contribute to the success of Ethernet?

The Ethernet has been successful because it has technology which is compatible with many devices. The networking technology needed is also affordable to most households and businesses.


What factors affecting the computer architecture?

- Some of the reasonse about performance of Computersvirusminimum RAMProcessor speedMinimum hard drive space


How much is the book of IT course in cebu institute of technology?

I don't have specific pricing information for courses at the Cebu Institute of Technology. Tuition fees can vary based on the program and other factors, so it's best to check the institute's official website or contact their admissions office directly for the most accurate and up-to-date information on the cost of the IT course.


What factors are considered in the development of a comprehensive treatment planning approach in radiotherapy?

Factors considered in the development of a comprehensive treatment planning approach in radiotherapy include the type and stage of cancer, the location and size of the tumor, the patient's overall health and medical history, potential side effects of treatment, and the goal of therapy (e.g., curative or palliative). Other factors may include the availability of advanced technology and the expertise of the medical team.

Related Questions

What factors in society cause the emergence of science and technology?

pld


What is driving force behind social change?

technology


What factors led to decreased dependence on Europe and the emergence of a largely domestic market?

The factors that led America to decrease dependence on Europe and the emergence of a largely self-sustaining domestic market were the technology that developed throughout the nineteenth century. The American industrial revolution made a vast outcome in the American history. There was a growth in the economy also. Another factor was the war of 1812. This war brought many differences out.


What factors lead to the emergence of an African American culture?

stealing slaves


What are the different factors that affect the performance of your technology design?

The performance of technology design is influenced by several factors, including hardware specifications, software efficiency, user interface design, and network conditions. Additionally, scalability and adaptability to user needs play crucial roles. Environmental factors, such as power supply and operating conditions, also impact performance. Lastly, the quality of coding and adherence to best practices can significantly affect the overall effectiveness and reliability of the technology.


What factors fostered the emergence of republican motherhood and the cult of domesticity?

The Colonial housewife contributed to the family income with her chickens and butter money. The factors that fostered the emergence of the republican motherhood were safety and control of some income.


What economic conditions are relevant in managerial decision making?

There are seven economic conditions which are relevant in managerial decision making. The conditions are market structure, supply and demand condition, technology, government regulation, international dimensions, future conditions and macroeconomic factors.


How do philosophical problems arise and what factors contribute to their emergence?

Philosophical problems arise when there are conflicting beliefs, ideas, or concepts that challenge our understanding of the world. Factors that contribute to their emergence include new discoveries, cultural differences, and the limitations of language and logic.


What social and political factors led to the emergence of sociology as a discipline?

Sociology is defined as the study of the development, structure, and functioning of human society. The factors that led to the emergence of sociology as a separate discipline are Inequality and class structure in the society, criminal deviance and changes in population.


How do technology factors effect businessess?

There are a great many ways in which technology factors affect businesses. These factors affect how efficient a business is with money for example.


Is the belief that technology drives historical change?

The belief that technology drives historical change suggests that advancements in technology are the primary catalysts for societal transformation, shaping economies, cultures, and social structures. While technology certainly plays a crucial role in influencing historical developments, it interacts with a multitude of other factors, such as political, social, and economic conditions. Thus, while technology can be a driving force, it is not the sole determinant of historical change; a more nuanced view recognizes the interplay between technology and various human factors.


Technology makes the other factors of production?

Yes technology is one of the factors of production. The use of technology helps saves time and human hour. Technology also helps saves cost.