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Production is the result specific factors or core functions. Basically Inputs = Outputs. Where Outputs = [the Stuff that Comes Out of What (the functions or factors, each with own defined characteristics) Was Put In] = Resulting Product or Total Total Production. The Inputs
So the primary characteristics (traits, qualities) of factors (actions / resources / components) of production (the result, effected outcome, evident or proof) are 1. Efficiency (Economic, Manufacturing, Operating and Distribution. 2. Effectiveness 3. Sustainability 4. Durability / Estimated Life-time 4. Low margin of Error 6. Accurate / Expected Quality of Product 7. Ease of Upgrade, Repair, Development & Innovation 8. High Income (of product) TO Expense (of all inputs or factors) Ratio 9. Streamlined Systems and Safe & Secure Structures.
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∙ 7y agoScarcity
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Characteristics of capital as factor of production?
capital is a money to start a business
What factor of production is the most mobile?
Capital
An office building is what factor of production?
Capital
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Is a garbage truck a factor of production?
Yes, it is considered capital.
Characteristics of capital as factor of production?
capital is a money to start a business
Is capital a factor of production?
Yes.
What factor of production is the most mobile?
Capital
An office building is what factor of production?
Capital
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Is a garbage truck a factor of production?
Yes, it is considered capital.
What factor of production does human capital enhance?
Labor
A factory machine is an example of which factor of production?
capital
An office building is an example of which factor of production?
capital
Tow truck is an example of what factor of production?
A single example of a capital factor of production is a tow truck. The technology, machinery, equipment, and tools utilized in the production of products and services are referred to as capital. A tow truck falls under the capital category as it is a piece of equipment utilized in the towing and recovery sector.
A factory machine is an example of what factor of production?
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.
