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A telephone system is considered a form of capital in the factors of production. Capital refers to the tools, equipment, and facilities used to produce goods and services. In this case, the telephone system enables communication, which is essential for business operations and economic activity. It enhances productivity and efficiency by facilitating the flow of information.
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An economic system in which individuals own the factor of production and make their own decisions?
capitalism
An irrigation system is installed on a farm in North Dakota This is an example of which factor of production?
An irrigation system installed on a farm in North Dakota is an example of capital as a factor of production. Capital includes tools, machinery, and infrastructure used to enhance production efficiency and output. In this case, the irrigation system improves the farm's ability to grow crops by ensuring an adequate water supply.
What do economists consider factor of production?
enumirate the different factor of production?
What is factor price?
the cost of factor of production
Globalization strives to reduce costs by pooling production or other activities or exploiting factor costs or capabilities within a system?
true
A telephone system in an office complex is an example of which factor of production?
A telephone system in an office complex is an example of production capital.
A telephone system in an office complex is an example of what factor of production?
Capital
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.
An economic system in which individuals own the factor of production and make their own decisions?
capitalism
An irrigation system is installed on a farm in North Dakota This is an example of which factor of production?
An irrigation system installed on a farm in North Dakota is an example of capital as a factor of production. Capital includes tools, machinery, and infrastructure used to enhance production efficiency and output. In this case, the irrigation system improves the farm's ability to grow crops by ensuring an adequate water supply.
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 factor price?
the cost of factor of production
What does ext have to do with a phone number?
Some people have a telephone system with more than one phone connected to the system. The extension number from the telephone system to that extension of the telephone system then become useful
Where is an office telephone system located?
A telephone system is a key component in any office. An office telephone system is typically located centrally for the best use and convenience for everyone.
What factor influence a region photosynthetic productivity?
The main factor influencing production is consumer demand.
Why is money a factor of production?
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.
