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Define and explain the four factors of production landlaborphysical capitalhuman capital?
Define factor of production land ,labour,physical capital ,human capital?
In most businesses what is the most costly factor of production?
Human Capital Apex:D
Definition of capital?
In economics, capital, capital goods, or real capital are those already-produced durable goods that are used in production of goods or services. The capital goods are not significantly consumed, though they may depreciate in the production process. Capital is distinct from land in that capital must itself be produced by human labor before it can be a factor of production. In a fundamental sense, capital consists of any produced thing that can enhance a person's power to perform economically useful work.
Which key factor can enhance growth of developing economies by building a workforce for more technical jobs?
investments in human capital
What is capital factor of production?
Capital as a factor of production refers to the tools, machinery, buildings, and technology that are used in the process of producing goods and services. Unlike labor, which involves human effort, capital enables increased efficiency and productivity in production processes. It can be categorized into physical capital, such as machinery and equipment, and financial capital, which includes funds used for investment in production. Effective use of capital is essential for economic growth and the development of businesses.
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.
Define and explain the four factors of production landlaborphysical capitalhuman capital?
Define factor of production land ,labour,physical capital ,human capital?
In most businesses what is the most costly factor of production?
Human Capital Apex:D
Definition of capital?
In economics, capital, capital goods, or real capital are those already-produced durable goods that are used in production of goods or services. The capital goods are not significantly consumed, though they may depreciate in the production process. Capital is distinct from land in that capital must itself be produced by human labor before it can be a factor of production. In a fundamental sense, capital consists of any produced thing that can enhance a person's power to perform economically useful work.
Which key factor can enhance growth of developing economies by building a workforce for more technical jobs?
investments in human capital
What is capital factor of production?
Capital as a factor of production refers to the tools, machinery, buildings, and technology that are used in the process of producing goods and services. Unlike labor, which involves human effort, capital enables increased efficiency and productivity in production processes. It can be categorized into physical capital, such as machinery and equipment, and financial capital, which includes funds used for investment in production. Effective use of capital is essential for economic growth and the development of businesses.
What are the determinants of production?
physical capital human capital & technology
What one factor of production the most important?
It is difficult to determine one single most important factor of production as it can vary depending on the context. However, labor is often considered a critical factor as it involves human capital that drives innovation, productivity, and economic growth.
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 the Measure of Human Capital Accumulation using Production Function in Education?
how the diffrent human capital and human resouce management
How are capital resources different from other resources of production and -natural and human resources?
how are capital resources different from the other resources of production natural and human resources
How are capital resources different from other resources of production natural and human resources?
how are capital resources different from the other resources of production natural and human resources
