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Ze factors of production
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What are three roles that entrepreneurs perform in the production process?
Land, labor and capital.
What are three market resources?
Land, labor, and capital =)
Chavez said that while capital and labor make the land what it is what really counts is?
labor
Which is the most important factor of production?
land , labor and capital
What are factor rewards?
A factor production is a productive resource. The four types are land, labor, capital and enterprise. Rewards for land are rent, for capital is interest, for labor is wages and enterprise is profit.
What are the roles that entrepreneurs perform in the production process?
Land, labor and capital.
What are three roles that entrepreneurs perform in the production process?
Land, labor and capital.
What are the three factors of prduction?
Land, labor and capital goods
Why do we need entrepreneurs?
In economics, there are four basic types of resources: land (natural resources), capital (tools, machinery), labor, and entrepreneurial ability. People who have entrepreneurial ability -- entrepreneurs-- are essential to the economy. Entrepreneurs perform several key functions: 1) Entrepreneurs take initiative to combine land, capital, and labor to produce goods and services. Their initiative is the driving force of production.2) Entrepreneurs make basic decisions about business policies.3) Entrepreneurs are innovators. They create new products, new production techniques, and new forms of business organization. This innovation helps the economy grow.4) Entrepreneurs bear the risk of starting businesses. They expend their time, efforts, and abilities without being sure that they will profit from it.
What are four factors of production?
Labour Land Capital Entrepreneurship
What is Sequoia Capital's motto?
Sequoia Capital's motto is 'The Entrepreneurs Behind the Entrepreneurs'.
How does land labor and capital work together?
by working
What are three market resources?
Land, labor, and capital =)
What is three factors of production necessary for industrialization?
land labor& capital
Chávez said that while capital and labor make the land what it is what really counts is?
labor
Chavez said that while capital and labor make the land what it is what really counts is?
labor
Which is the most important factor of production?
land , labor and capital
