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What factor of production includes such things as machinery and buildings used in the production of other goods?
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the machinery and tools used to create a product are part of which factor of production?
capital
Why are factors of production important in business?
Factors of production are important in business because managers can improve their position when they know what contributes to production. The type of machinery used in production is a factor in production.
What factor of production includes people with all their efforts abilities and skills?
value
Why is the garbage truck factor of production?
Physical Capital consist of things like machinery equipment, factory, bulding, computers & even hand tools
What do economists consider factor of production?
enumirate the different factor of production?
Which factor of production includes such things as machinery and buildings used in the production of other goods?
capital
the machinery and tools used to create a product are part of which factor of production?
capital
Why are factors of production important in business?
Factors of production are important in business because managers can improve their position when they know what contributes to production. The type of machinery used in production is a factor in production.
What Factor's of production?
The four main factors of production are: labor, capital, Natural Resources, and entrepreneurship.Examples of each:Labor- the mental/physical effort used to produce goods/servicesCapital- includes machinery to produce and distribute goods/services (such as factories)Natural Resources- land, oceansEntrepreneurship- selling products door-to-doorspeed and effieciency
What are factor of production?
The four main factors of production are: labor, capital, Natural Resources, and entrepreneurship.Examples of each:Labor- the mental/physical effort used to produce goods/servicesCapital- includes machinery to produce and distribute goods/services (such as factories)Natural resources- land, oceansEntrepreneurship- selling products door-to-doorspeed and effieciency
What factor of production includes people with all their efforts abilities and skills?
value
Why is the garbage truck factor of production?
Physical Capital consist of things like machinery equipment, factory, bulding, computers & even hand tools
Is a factor of production?
Factors of production refers to the inputs of the production process.Factors of productions are resources that produce goods and services.There are four categories of factors of production:Land: Natural Resources that we use to produce goods and services such as oil, gas and goal, water, etc.Labor: the work time and work effort that people devote to producing goods and services. This includes human capitalwhich is the quality of the labor forming from knowledge and skills of the person obtained from education, on-the-job training and work experience.Capital: the tools, instruments, machine, buildings and other items that are used to produce goods and services. This includes machinery, hammers, etc.Entrepreneurship: the human resource that organizes labor land and capital. This includes the idea, plan, etc about how and what to produce.
Which factor of production includes such things as plants and minerals used to create products?
land
What do economists consider factor of production?
enumirate the different factor of production?
What was the Production Budget for Chill Factor?
The Production Budget for Chill Factor was $34,000,000.
What is a factor of production?
Factors of production refers to the inputs of the production process.Factors of productions are resources that produce goods and services.There are four categories of factors of production:Land: Natural Resources that we use to produce goods and services such as oil, gas and goal, water, etc.Labor: the work time and work effort that people devote to producing goods and services. This includes human capitalwhich is the quality of the labor forming from knowledge and skills of the person obtained from education, on-the-job training and work experience.Capital: the tools, instruments, machine, buildings and other items that are used to produce goods and services. This includes machinery, hammers, etc.Entrepreneurship: the human resource that organizes labor land and capital. This includes the idea, plan, etc about how and what to produce.
