Capital
Factors of production refers to the inputs of the production process.
Human Capital Apex:D
land , labor and capital
1.it is perishable, e.g. eventually used up 2.cannot be separated from the producer. 3.it is mobile. 4.basic factor of production. 5.quality can be improved.
enumirate the different factor of production?
Factors of production refers to the inputs of the production process.
Human Capital Apex:D
land , labor and capital
It is difficult to determine one single most important factor of production as it can vary depending on the context. However, labor is often considered a critical factor as it involves human capital that drives innovation, productivity, and economic growth.
enumirate the different factor of production?
1.it is perishable, e.g. eventually used up 2.cannot be separated from the producer. 3.it is mobile. 4.basic factor of production. 5.quality can be improved.
The Production Budget for Chill Factor was $34,000,000.
what is product/mobile machinery
the cost of factor of production
Labor is highly mobile. People will move where jobs are. Such as in the Industrial Revolution, factories had a demand for labor which caused a rural to urban migration.
Capital
increased food production