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What else can I help you with?
When determining the rewards of factors of production?
When determining the rewards of factors of production, economists consider the contributions each factor makes to the production process. Land typically earns rent, labor receives wages, capital generates interest, and entrepreneurship yields profit. These rewards are influenced by supply and demand dynamics, productivity levels, and the competitive environment in the market. Ultimately, efficient allocation and utilization of these factors maximize overall economic output and growth.
Is money a resource or factors of production?
Money is considered to be a factor of production figuring the more a company makes the more money they will earn.
Technology makes the other factors of production?
Yes technology is one of the factors of production. The use of technology helps saves time and human hour. Technology also helps saves cost.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
What is the economic process of specialization?
It makes it more efficient. It makes it more efficient.
When determining the rewards of factors of production?
When determining the rewards of factors of production, economists consider the contributions each factor makes to the production process. Land typically earns rent, labor receives wages, capital generates interest, and entrepreneurship yields profit. These rewards are influenced by supply and demand dynamics, productivity levels, and the competitive environment in the market. Ultimately, efficient allocation and utilization of these factors maximize overall economic output and growth.
What factors determine who makes up a particular audience?
quantity supplied, quantity demanded and the cost of production
Is money a resource or factors of production?
Money is considered to be a factor of production figuring the more a company makes the more money they will earn.
Technology makes the other factors of production?
Yes technology is one of the factors of production. The use of technology helps saves time and human hour. Technology also helps saves cost.
Who owns the factors of productiom and makes economic decisions in a market economy?
Individuals own the factors of production and make economic decisions in a market economy. This is in contrast to a command economy, where the government makes those decisions.
What is a tradeoff associated with the discovery of a manufacturing process that makes the production of disposable plastic water bottles cheaper?
bottles
What is the economic process of specialization?
It makes it more efficient. It makes it more efficient.
Is the production of Hersheys chocolate an example of an intermittent or continuous production process?
Yours is a vague question. There is more than one "Hersheys Chocolate" (there are a number of different kinds of candy bars that Hersheys makes). However, due to their popularity, most of the candy bars that Hershey's makes are on a continuous production system. However, some products (such as the seasonal ones) are on intermittent production systems.
What do us congress do?
I think US Congress has to approve to laws and makes them, too. In the beginning of that process Congress makes bills, and at the end the presedent has to except the bill and turn it into a law.
What is process mapping and it is easy?
Process mapping is defined by the use of a diagram, in which the compositions of a subject is broken down and mapped out for better understanding. In order to successfully orchestrate a process map, you must be able to determine the beginning of the subject and the conclusion, listing the steps it take from the beginning to the end. Process mapping is not difficult and makes a subject easier to comprehend.
Division of labor results in?
The division of labor generally leads to specialization in any production line. Furthermore, division of labor increases the efficiency of production and makes the process faster.
A good beginning makes a good ending?
Story writing with moral A good beginning makes a good end
