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There arent only 2 payments of production and it depends on which factor of production you're talking about. For Labour - the payment to the factor is Wages, For Capital - Interest For land - Rent Entrepreneurship - Profits These payments to the factos of production are provided by the firms. M x
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What are the three factors of production and the two types of payments that appear in the free market circular flow model?
Three factors of production: Labor, Capital, and Land Two payment types: Resource Markets and Product Markets
What are two factors of production?
it
What are the two human factors of production?
The factors of production are:1- Land2- Capital3- Labour4- EnterpriseThe first two are Non-human Factors while Labour and Enterprise are two human factors.
How are two of the factors of production related?
Dier
What is economic of sales?
Economies of scale are factors which cause the average cost of production to decrease as the volume of its output is increased. It has two types: the internal and external factors.
What are three factors of production and the two types of payments that appear in the free market circular flow model?
The three factors of production are capital, labor, and land. Two types of payments are from firms and households. These payments go to the goods and services markets.
What are the three factors of production and the two types of payments that appear in the free market circular flow model?
Three factors of production: Labor, Capital, and Land Two payment types: Resource Markets and Product Markets
What are two factors of production?
it
What are the two human factors of production?
The factors of production are:1- Land2- Capital3- Labour4- EnterpriseThe first two are Non-human Factors while Labour and Enterprise are two human factors.
What are two types of sheep production in the US?
Meat and wool production
How are two of the factors of production related?
Dier
What are the two types of production technology?
computer and cellphone
What is economic of sales?
Economies of scale are factors which cause the average cost of production to decrease as the volume of its output is increased. It has two types: the internal and external factors.
Is labor and capital the only two factors of production?
False
What are two types of payments in the free market circular flow model?
Resource and product markets.
What two factors are necessary for a corporation to survive?
The two factors for a corporation to survive are Factors of Production and Market Acceptance. Hope this helps Mrs. Morgans economics class!
What are the two types of overhead?
The two types of overhead are fixed overhead and variable overhead. Fixed overhead remains constant regardless of production levels, while variable overhead fluctuates in direct proportion to production activity.
