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Do economic resources include both production and the factors of production?
Wiki User
∙ 13y ago
Yes, the means of production, and the system that supports it, are all resources.
Wiki User
∙ 13y ago
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What are the economic and economic factors affecting industrialization?
Economic factors affect industrialization as production input resources of capital,labour,interprise and land,however non economic factors of social and political intervention to direct the choices of consumption in production of goods and services,allocation of resources as a tool of capitalist hegemony in the doctrine of general equilibrium. It assumes that the normal condition of society is for the state to play as little a role in economic life as possible, because the market is part of human nature and the most efficient form of economic organization. The theory, therefore, has a role in legitimizing capitalist hegemony. The socialist economy in industrialization stresses on planning in allocation of resources for production of goods & services for the welfare & well being of the people.
Why is GDP an imperfect measure of the total production in the economic?
because it include all production values, so it is imperfect measure of the total production in the economic.
What is the basic resource or factor of production?
No. Resources are generally synonymous with the term 'natural resources' which is called 'land' in economics. Factors of production are also known as inputs, and these usually include: 1) Capital2) Labour3) Human capital4) Land5) Technology
The resources used to make all goods and services are the?
factors of production
In an economic growth role of enterpreur is to?
Economists regard entreprenuership as one of the five fundamental resources, or the factors needed to produce goods and services, used in context of costs of production. The other four resources, or costs of production, include land, labor, physical capital, and human capital. A brief description of all five resources, and how they contribute to economic growth are cited below. Land - includes rent payments, real estate, and natural resources. Labor - wages and salaries. Physical Capital - machines, manufaturing, and equipment. Human Capital - incluces intellectual property, patents, training, and education. Entreprenuership - inviduals assuming the risk and rewards of production. Also included here are profits - because without the possibility of profits, production wouldn't even exists. What is the role of entreprenuership in economic growth? Vital.
Factors of production history?
Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.
What is a capital as a factor of production?
Capital as a factor of production entails goods that are produced through human labor in an economic system. This does not include Natural Resources or land.
What are some factors of production in the automotive industry?
There are so many factors of production in the automotive industry. Some of them include market demand, availability of resources, human resource, cost of production and so much more.
What affects populations distribution?
Several factors determine an area's population distribution and density. They include, available resources, climate, and political, social and economic factors.
What does a decline in working capital over the years indicate?
Introductory economic courses tell us that declining capital is a bad sign for economic growth. Capital equipment such as computers and manufacturing equipment, things that are usually used with labor in producing output, is a supply factor (other supply factors include human resources, natural resources, and technology). A nation's potential production (as shown on a production possibilities curve which illustrates a simplified version of the combinations of capital and consumer goods that can be produced) is determined by supply factors along with demand and efficiency factors. Outward shifts of this curve mean economic growth; the potential production has increased. Using capital as an example, if capital increases (increase in supply factor), potential production will increase, thus indicating the potential for economic growth. On the other hand, if capital decreases, potential production will decrease, thus indicating a decrease in economic growth.
What are the causes of digital divide?
basic factors attributed to digital divide include economic resources, education, information literacy skill and personal motivation,there a lot of others factors
The socio-economic factors influencing the effective data collection procedures?
There are a number of socio-economic factors that influence effective data collection procedure. Some of include occupation, financial income and resources, culture and so many more.
What are the economic and economic factors affecting industrialization?
Economic factors affect industrialization as production input resources of capital,labour,interprise and land,however non economic factors of social and political intervention to direct the choices of consumption in production of goods and services,allocation of resources as a tool of capitalist hegemony in the doctrine of general equilibrium. It assumes that the normal condition of society is for the state to play as little a role in economic life as possible, because the market is part of human nature and the most efficient form of economic organization. The theory, therefore, has a role in legitimizing capitalist hegemony. The socialist economy in industrialization stresses on planning in allocation of resources for production of goods & services for the welfare & well being of the people.
Why is GDP an imperfect measure of the total production in the economic?
because it include all production values, so it is imperfect measure of the total production in the economic.
The resources used to make all goods and services are the?
factors of production
What is the basic resource or factor of production?
No. Resources are generally synonymous with the term 'natural resources' which is called 'land' in economics. Factors of production are also known as inputs, and these usually include: 1) Capital2) Labour3) Human capital4) Land5) Technology
Factors that affect the human resource planning?
The major factors to take into account when resource planning are: * Schedule of available resources * Skills of available resources Minor factors would include: * Personality conflicts * Attendance history * Team player * Willingness to work on project Additional major factors in Human Resource Planning * Production forecasts based on supply and demaned * Economic conditions which may cause the company to lay-off or cut-back, or increase their workforce
