an oil rig that pumps oil from beneath the ground
An economist considers the Sun a factor of production or a variable of land. The sun is considered as a Oil and mineral deposits, or water to an eonomist.
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
an oil rig that pumps oil from beneath the ground
An economist considers the Sun a factor of production or a variable of land. The sun is considered as a Oil and mineral deposits, or water to an eonomist.
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
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.
The Oil Factor was created in 2004.
INDIA ranks 23rd in the production of oil!it imports most of its oil!
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Increased Oil Production.