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A resource is anything that is used in the production of a good or service.?
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A resource is anything that is used in the production of a good or service?
True a+ users :)
Why money is not considered as factor as production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
What four factor production?
The factors of production are... Land- The materials required to build or use a good and/or service. Labor- The work force (the people building the good, or doing the service) Capitol- The money (the money used to fund, or the profit) Entrepreneurs- These are the personnel behind the idea, the drive the good or service to be produced, and they decide where to ship, and whom to ship the good too.
According to the law of supply What does an increase in the price of a good service or resource lead to an increase in?
Supply. If you are a supplier of a good - the price for your good increase - you will produce more to take advantage of this
A resource is anything that is used in the production of a good or service?
True a+ users :)
Why money is not considered as factor as production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
What is a good resource to find limo service prices?
A good resource would be to call a local limo service and ask about their pricing details. There are also online directories and a website called All Things Limousine that will have information.
Where can I find a good Human Resource Service for hire for my small business?
If you want someone to take care of your hiring and you want some good people, you should check out PwC. It's a human resource service company. Their website is www.pwc.com
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
What is the control of all trade and production of a certain good or service?
A corporation
What do you mean by industery?
Industry is the production of a good or service within an economy.
Example of capital resources?
Definition-Capital resources are any goods that are used in the production process to produce a good or service.Example-An example would be the factory itself, machines, vehicles, etc. In a service industry, for example a hair stylist, a bottle of shampoo might be classified as a capital resource as it is involved in rendering a service to the consumer.
Where can I find a good air conditioning service?
The best website to consult is www.consumerresearch.org to find a good air conditioning service, also the yellow pages is an excellent resource to utilize.
What is the difference between cultural resource and natural resource?
A cultural resource is any skills, talents, abilities and knowledge a man uses in order to provide a good or service, it also takes into account any made resource used to aid in the production of goods and providing services eg, machinery. Whereas a natural resource is anything purely from the natural environment. They many be biotic resources such as forest products like timber and woodchips and animal products such as beef and fish. Natural Resources may also be abiotic resources obtained from non living things such as soil, water and air, and minerals such as iron ore and gold. Simply a cultural resource is man made or man inspired and natural resources are those things that come from the natural environment.
Is a savings account a service or good?
its's a good because no one dose anything for you.
A good example of public-private cooperation in lessening environmental deterioration is?
The operation of the natural resource conservation service ( once called the soil conservation service)
