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Marginal productivity of labour and the demand for labour .?
Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
Define and explain the four factors of production landlaborphysical capitalhuman capital?
Define factor of production land ,labour,physical capital ,human capital?
Factors affecting the cost of production?
labour
What are the passive factors of production?
Land and Labour
4 factors of production?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
What are the factors capable of limiting the practice of division of labour?
factors capable of limiting the practice of division of labour
Marginal productivity of labour and the demand for labour .?
Graphically illustrate and explain the relationship between marginal productivity of labour and the demand for labour .
Define and explain the four factors of production landlaborphysical capitalhuman capital?
Define factor of production land ,labour,physical capital ,human capital?
Factors affecting the cost of production?
labour
What are the passive factors of production?
Land and Labour
How labor union demands affect supply?
If you mean supply of labour, labour unions restrict or decrease the supply of labour
State and explain the four factors of production giving one example in each case?
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
4 factors of production?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
What are the rewards for the factors of production?
land- rent labour- wages capital- interests organisation- profit
The factors of production are?
There are five factors of production these are land, labour, capital, entrepeneur and information resources.
What are the 4 factors of production?
Land, Labour, Capital, and Enterprise
What are the rewards of the four factors of production?
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
