0
What are factors of production name any four factors of production.?
Wiki User
∙ 6y ago
Factors of production
Grim Ranger
Leone Cormier
Grim Ranger
Factors of production
Add your answer:
Earn +20 pts
What is last factor of production?
The factors of production are resources that are the building blocks of any economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, entrepreneurship and IT.
Who owns the factors of production in the Philippines?
Factors of production is labor land capital entrepreneurship and technology and hence is owned by everyone (including citizens and government) of any company.
What is the five factors of production?
the factor of production are:land, labour, capital, and enterpreneurship The above is too specific: The Four Factors of production are: Natural Resources (Land and all other resources ie. water, air etc.) Capital (Same, revenue and assets) Human Resources (Labor, in addition to any other human provided service, not limited to labor alone) Entrepreneurship (Same, the Ability, Freedom and Guarantee that business's can be established and operate with out too many restrictions)
What impact does unemployment has on production possible curve?
Unemployment itself is one of the factors as to why the Production Possibility Curve (PPC) is what it is - a frontier where production cannot occur outside of. If unemployment increased, you would see decreases of the the PPC at any given point, that is, closer to the origin.
When demand for a factor of production depends on the demand for the product produced?
Input determines the quantity of output Ex. output depends upon input. Input is the starting point and output is the end point of production process and such input-output relationship is called a production function. All factors of production like land, labor, capital and technology are required in combination at a time to produce a commodity. In economics, production means creation or an addition of utility. Factors of production (or productive 'inputs' or 'resources') are any commodities or services used to produce goods or services
What is last factor of production?
The factors of production are resources that are the building blocks of any economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, entrepreneurship and IT.
What are some factored products?
There are four factors of production: Land, Labor, Capital and Organization. In any business entity production process is completes through employing these factors of production. Land gets the rent, labor gets wages, capital the interest and organization gets the proft earned by any business entity.
What are the factors affecting plant production?
There are four factors of production: Land, Labor, Capital and Organization. In any business entity production process is completes through employing these factors of production. Land gets the rent, labor gets wages, capital the interest and organization gets the proft earned by any business entity.
Vocal production in any given culture could be affected by environmental or technological factors. True False?
Vocal production in any given culture could be affected by environmental or technological factors.
Why is money a factor of production?
money acts as a factor of production. it is because the other factors of production are indirectly dependent on money. more the money paid to any factor of production more it will work. hence money encourages other factors of production to work more.
Who owns the factors of production in the Philippines?
Factors of production is labor land capital entrepreneurship and technology and hence is owned by everyone (including citizens and government) of any company.
What is the five factors of production?
the factor of production are:land, labour, capital, and enterpreneurship The above is too specific: The Four Factors of production are: Natural Resources (Land and all other resources ie. water, air etc.) Capital (Same, revenue and assets) Human Resources (Labor, in addition to any other human provided service, not limited to labor alone) Entrepreneurship (Same, the Ability, Freedom and Guarantee that business's can be established and operate with out too many restrictions)
What is strength curve?
Relates to any exercise, Analyzes the components of strength production, Has seven factors
What composite number has three factors?
Any square of a prime number, like 9.
What are products that brings profits for a business?
any output from factors of production can bring revenue depending on the industry where a firm operate in
Does the product of any four consecutive whole number have any interesting properties?
It is always divisible by 24 and all the factors of 24.
What is the name of a number with three factors?
Any square of a prime number.
