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Man is the most important factor of production. discuss?
Factors of production refers to the inputs of the production process.
In most businesses what is the most costly factor of production?
Human Capital Apex:D
Which is the most important factor of production?
land , labor and capital
What are the characteristics of labor as factors 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.
What do economists consider factor of production?
enumirate the different factor of production?
Man is the most important factor of production. discuss?
Factors of production refers to the inputs of the production process.
In most businesses what is the most costly factor of production?
Human Capital Apex:D
Which is the most important factor of production?
land , labor and capital
What one factor of production the most important?
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.
What do economists consider factor of production?
enumirate the different factor of production?
What are the characteristics of labor as factors 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.
What was the Production Budget for Chill Factor?
The Production Budget for Chill Factor was $34,000,000.
What is a Production Mobile Machinery List?
what is product/mobile machinery
What is factor price?
the cost of factor of production
Is labor factor of production immobile?
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.
The history of economic growth in the nineteenth century focused on what as the most important factor of production?
Capital
What was the most important factor in allowing villagers and cities to grow in Egypt?
increased food production
