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The four eras of business are Natural Resources, capital, personal resources, and entrepreneurship. The factors of production have changed through these eras by what drives the business will change.
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What is the concept of the production possibilities?
Production possibilities is the extent of production in businesses. Production possibilities can change if resources increase within a business. Increasing labor can also change production possibilities.
How did the industrial revolution change economies throughout Europe?
it introduced system of mass production according to apex
What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
What is the elasticity of substitution formula and how is it used to measure the responsiveness of the substitution between two factors of production?
The elasticity of substitution formula measures how easily one factor of production can be replaced by another in the production process. It is calculated as the percentage change in the ratio of two factors divided by the percentage change in their marginal rate of technical substitution. A higher elasticity indicates that factors are more easily substituted, while a lower elasticity suggests they are less interchangeable.
Classification of inputs in economics?
-these are inputs that do not change with the volume of production.This means, wheter you produce or not, these factors of production are unchanged. -these inputs change in accordance with the volume of production. NO production means NO variable inputs, while more production means more variable inputs. -sage- :P e-add: sage.ronquillo@yahoo.com
How the factors of production have change throughout the four erras of business?
Production has changed throughout each era of business because machinery has increased. When machines began making products, they were coming out faster than product that was pieced together by hand. More product means more money, so therefore businesses could afford to increase their products.
What is the concept of the production possibilities?
Production possibilities is the extent of production in businesses. Production possibilities can change if resources increase within a business. Increasing labor can also change production possibilities.
Can an organism's DNA expression change throughout its life?
Yes, an organism's DNA expression can change throughout its life due to factors such as environmental influences, aging, and genetic mutations. This can result in variations in gene activity and protein production, leading to different traits and characteristics in the organism over time.
What are internal forces for change in business?
There are various factors that force change in business such as the companies mission , new acquisitions , and the direction of the market they are in.
How did the industrial revolution change economies throughout Europe?
it introduced system of mass production according to apex
What factors cause the supply curve to shift?
Change in: production costs; production environment; price of related good; law; labour demand/price.
What are the factors affecting styles?
Leadership style may be dependent on various factors: Risk - decision making and change initiatives based on degree of risk involved Type of business - creative business or supply driven How important change is - change for change's sake Organizational culture - may be long embedded and difficult to change Nature of the task - needing cooperation, direction, structures, factors affecting style
What are the business factors that underpin human resource planning in an organization?
There are many business factors that underpin human resource planning. some of them are mentioned below: Business growth business decline business change labour cost control changing nature of work impact of technology employee development etc.
What is the elasticity of substitution formula and how is it used to measure the responsiveness of the substitution between two factors of production?
The elasticity of substitution formula measures how easily one factor of production can be replaced by another in the production process. It is calculated as the percentage change in the ratio of two factors divided by the percentage change in their marginal rate of technical substitution. A higher elasticity indicates that factors are more easily substituted, while a lower elasticity suggests they are less interchangeable.
Factors of leadership?
Leadership style may be dependent on various factors: Risk - decision making and change initiatives based on degree of risk involved Type of business - creative business or supply driven How important change is - change for change's sake Organizational culture - may be long embedded and difficult to change Nature of the task - needing cooperation, direction, structures, factors affecting style
Classification of inputs in economics?
-these are inputs that do not change with the volume of production.This means, wheter you produce or not, these factors of production are unchanged. -these inputs change in accordance with the volume of production. NO production means NO variable inputs, while more production means more variable inputs. -sage- :P e-add: sage.ronquillo@yahoo.com
When and why was the spelling of the word business changed to business?
The word "business" has not undergone a change in spelling. It has been consistently spelled as "business" throughout its usage, originating from the Old English word "bisignes" meaning "anxiety" or "care."
