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What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
The amount of goods or services produced per input used?
productivity
Goods that are used to produce other goods and services are called what resource?
correct answer is Factors of production
The degree in which resources are being used to produce goods and services?
Productivity
Is it true or false that When manufactured goods are used to produce other goods and services they are called capital goods.?
True. Capital goods are manufactured goods that are used to produce other goods and services. They include items like machinery, tools, and equipment that aid in the production process, distinguishing them from consumer goods that are intended for direct consumption.
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
The amount of goods or services produced per input used?
productivity
Goods that are used to produce other goods and services are called what resource?
correct answer is Factors of production
What is the definition of factors of production?
The resources used to produce goods and services.
What is the definition of factor of product?
The resources used to produce goods and services.
The degree in which resources are being used to produce goods and services?
Productivity
Is it true or false that When manufactured goods are used to produce other goods and services they are called capital goods.?
True. Capital goods are manufactured goods that are used to produce other goods and services. They include items like machinery, tools, and equipment that aid in the production process, distinguishing them from consumer goods that are intended for direct consumption.
What does the study of economics focus on?
what scarce resources are used to produce goods and services.
What are capitalized goods?
CAPITAL GOODS include machinery and tools which are used to produce other products for consumption.They are also refferd as 'means of production' or producers' goods!Capital goods are used to produce other goods and services more efficiently
What are capital resources?
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
What can capital include?
Anything produced in an ecomomy that is used to produce other goods and services.
Which economic indicator is measured by comparing the amount of goods or services produced with the amount of input that was used in production?
productivity
