Define factor of production land ,labour,physical capital ,human capital?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
explain the effect of net migration on a country's production possibilites frontier
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The nature of the business, seasonality of production and the production cycles are some of the factors that determine the working capital requirements of a firm.
Factors of production are the basic inputs used in the production of goods and services. It includes land,labour,capital and entrepreneurship. By Lamptey Samuel Boafo
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
Capital goods, real capital or capital assets are produced durable goods or any non-financial asset used in production of goods or services. They are not significantly consumed, how it is maintained varies by state, and capital is replaced after a depreciation period as newer forms continue to be made.
Explain the term cost of capital and its importance in investment decision
explain the role of coperative secter in production
explain role of reserch in both production
explain the role of science inproduction process
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It helps to explain the costs of capital by creating a model which intuitively understands the cost of capital as a function of a small number of well-understood economic variables, such as interest rate, demand, future discount, and capital stock.