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Which of these is an example of the capital factor of production?
an oil rig that pumps oil from beneath the ground
Is sunlight considered a factor of production?
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.
What do economists consider factor of production?
enumirate the different factor of production?
What is factor price?
the cost of factor of production
Why money is not consider as a factor of a production?
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.
Which of these is an example of the capital factor of production?
an oil rig that pumps oil from beneath the ground
Is sunlight considered a factor of production?
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.
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
When was The Oil Factor created?
The Oil Factor was created in 2004.
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.
Where does INDIA stand in oil production?
INDIA ranks 23rd in the production of oil!it imports most of its oil!
Why money is not consider as a factor of a production?
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.
When the price of oil drops this usually means that OPEC has done what?
Increased Oil Production.
What is the best factor of production?
The best factor of production is money - since it can buy anything - including human resources. By Dr.R.Senapathi.
