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What is purchased by businesses in a resource market?
Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:
What Distinguish between the resource market and the product market in the circular flow model?
businesses purchase what they use to produce goods and services. Resources are in the form of labor, natural resources, capital, and entrepreneurship, all of which are supplied by households.
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
What is business essentials 1?
Labor, entrepreneurship, land cost.
What is purchased by businesses in a resource market?
Businesses purchase the factors of production in a resource market, which are: capital, labor, land and entrepreneurship. (:
What Distinguish between the resource market and the product market in the circular flow model?
businesses purchase what they use to produce goods and services. Resources are in the form of labor, natural resources, capital, and entrepreneurship, all of which are supplied by households.
What is the difference between social legislation and labor legislation?
difference between labor law and social legislation
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
What are four factors of production?
Labour Land Capital Entrepreneurship
Information of free labor vs slave labor?
what is the difference between slave labor and free labor
What is the difference between slave labor and wage labor?
Abraham Lincoln thought the difference was only that wage labor was temporary and slavery was permanent.
What is the difference between the marginal product of labor and the marginal revenue product of labor?
moarginal product of labor
What is business essentials 1?
Labor, entrepreneurship, land cost.
Four basic factors of production?
Land, labor, capital, and entrepreneurship.
What is land and natural resources labor capital and entrepreneurship?
Factors of Production
What do you mean by labor cost variance?
Labor cost variance means the difference between standard labor cost and actual labor cost.
