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capitalism
enumirate the different factor of production?
why the labour as a mobile factor of production may be unwilling to move
the cost of factor of production
true
A telephone system in an office complex is an example of production capital.
Capital
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.
capitalism
enumirate the different factor of production?
The Production Budget for Chill Factor was $34,000,000.
why the labour as a mobile factor of production may be unwilling to move
the cost of factor of production
what is production system
The main factor influencing production is consumer demand.
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.
true