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What are ambitious leaders who decide how to combine land labor and capital resources to create new goods and services called?
Wiki User
∙ 12y ago
entrepreneurs
These are the individuals who take risks to develop original ideas, start businesses, create new industries, and fuel economic growth.
Wiki User
∙ 12y ago
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The initiative to combine natural human and capital resources to produces goods and services is an example of what kind if resource?
Entrepreneurial Resources
How are education and training part of economic planning?
they combine with experience to produce human capital
What do economists consider as basic resources or factors of production?
The most important resources or factors of production in economics (with their respective factor rewards in parentheses) are: Land (rent); Labour (wages); Capital (interest); Entrepreneurship (profit). These factors, combined with management and economic risk taking, combine with other factors (specific to the industry) to produce output.
What are the two sectors model economy?
The two sector model consists of the: Household Sector: The household sector includes everyone in an economy who consumes goods and services. Business Sector: The business sector contains the private, profit-seeking firms in the economy that combine scarce resources into the production of wants-and-needs satisfying goods and services.
What factors cause a shift to the left in the aggregate supply curve?
A contraction, or shift to the left can be caused by a negative change in: * The price level. * The level of technology in an economy. * The size of a labour force and its skills. * The amount and state of capital equipment. * The skill of management to combine resources and use them effectively.
The initiative to combine natural human and capital resources to produces goods and services is an example of what kind if resource?
Entrepreneurial Resources
How did labor capital combine to create the industrial revolution?
Capital was invested in factories that employed the workforce
How did labor and capital combine to create the Industrial Revolution?
Capital was invested in factories that employed the workforce
Why may grain farmers need a contract harvester?
If the farmers grow grain and do not have enough acreage to justify making the capital investment in a combine harvester (about $120,000), they will need the services of a contract harvester.
Do you combine retail sales with consulting services in bridal consultant?
Sorry but no :(
How are education and training part of economic planning?
they combine with experience to produce human capital
What do economists consider as basic resources or factors of production?
The most important resources or factors of production in economics (with their respective factor rewards in parentheses) are: Land (rent); Labour (wages); Capital (interest); Entrepreneurship (profit). These factors, combined with management and economic risk taking, combine with other factors (specific to the industry) to produce output.
What are the two sectors model economy?
The two sector model consists of the: Household Sector: The household sector includes everyone in an economy who consumes goods and services. Business Sector: The business sector contains the private, profit-seeking firms in the economy that combine scarce resources into the production of wants-and-needs satisfying goods and services.
Are Naval forces intended to complement and combine with the forces of other Services and nations?
Yes/True
What factors cause a shift to the left in the aggregate supply curve?
A contraction, or shift to the left can be caused by a negative change in: * The price level. * The level of technology in an economy. * The size of a labour force and its skills. * The amount and state of capital equipment. * The skill of management to combine resources and use them effectively.
Name three resources that partnerships may combine?
The three resources that partners in business can combine include their technological and business acumen, their finances and their reputation. A well known name can drive in traffic to a lesser known partner.
How do you combine 2 200 amp services together and use the same meter?
please contact a licened electrican
