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What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
What are the factors of production?
The four main factors of production are: labor, capital, Natural Resources, and entrepreneurship.Examples of each:Labor- the mental/physical effort used to produce goods/servicesCapital- includes machinery to produce and distribute goods/services (such as factories)Natural resources- land, oceansEntrepreneurship- selling products door-to-doorspeed and effieciency
What resources are needed to produce goods and services?
production materials
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
The degree in which resources are being used to produce goods and services?
Productivity
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
Do you believe Grenada resources is utilizing to produce goods and services?
i think there goods and services are excellent!!
What are the factors of production?
The four main factors of production are: labor, capital, Natural Resources, and entrepreneurship.Examples of each:Labor- the mental/physical effort used to produce goods/servicesCapital- includes machinery to produce and distribute goods/services (such as factories)Natural resources- land, oceansEntrepreneurship- selling products door-to-doorspeed and effieciency
What provide the resources needed by a company to produce its goods and services?
The resources needed by a company to produce its goods and services are typically categorized into four main types: human resources, financial resources, physical resources, and informational resources. Human resources encompass the workforce and their skills, while financial resources include capital for investments and operational costs. Physical resources refer to the raw materials, machinery, and technology necessary for production, and informational resources involve data and knowledge that support decision-making and operational efficiency. Together, these resources enable the effective production and delivery of goods and services.
What resources are needed to produce goods and services?
production materials
What are the resources employed to produce goods and services?
Factors of production
What are the three main kinds of resources and how is each one define?
The three main kinds of resources are natural, human, and capital. Natural Resources are gifts of nature, human resources are skills people have to produce goods and services, and capital resources are the things people make, such as machines and equipment, to produce goods and services.
What is the definition of factors of production?
The resources used to produce goods and services.
Economics is about allocating resources to produce and distribute which of the following?
Goods and services
The degree in which resources are being used to produce goods and services?
Productivity
What is the definition of factor of product?
The resources used to produce goods and services.
What Factor's of production?
The four main factors of production are: labor, capital, Natural Resources, and entrepreneurship.Examples of each:Labor- the mental/physical effort used to produce goods/servicesCapital- includes machinery to produce and distribute goods/services (such as factories)Natural Resources- land, oceansEntrepreneurship- selling products door-to-doorspeed and effieciency
