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everything that is not created by humans
What else can I help you with?
What term defines the income paid to the owner of land labor or capital in return for productive services?
The term that defines the income paid to the owner of land, labor, or capital in return for productive services is "factor income." This includes various forms of compensation such as rent for land, wages for labor, and interest or profits for capital. Factor income reflects the contributions of these resources to the production process within an economy.
What is considered the passive factor in production?
land
What is an example of land as a factor of production?
Farm - primary source of land for production. Refinement / manufacturing plant uses the land to produces goods.
Which is the most important factor of production?
land , labor and capital
Which factor of production is used by manufacturing firms for a physical location?
land
What term defines the income paid to the owner of land labor or capital in return for productive services?
The term that defines the income paid to the owner of land, labor, or capital in return for productive services is "factor income." This includes various forms of compensation such as rent for land, wages for labor, and interest or profits for capital. Factor income reflects the contributions of these resources to the production process within an economy.
What is considered the passive factor production?
land
What is considered the passive factor in production?
land
A characteristic of the factors of production?
I think land is a passive factor of production because you would have to develop that land in order for you to produce. So it does not actively participate in your business unless you make something of it. An exampl is when you but a lot. If you do not develop it into a house, commercial space or a rental space then it will sit passively or idle and your investement will just be frozen and not be productive.
What are the risks in farming?
scarcity of factor of production land
Ground water is an example of which factor of production?
land
What do you understand by land?
Land as a factor of production is a free gift of nature and is fixed.
What is an example of land as a factor of production?
Farm - primary source of land for production. Refinement / manufacturing plant uses the land to produces goods.
What do you understand by land consolidation?
Land as a factor of production is a free gift of nature and is fixed.
Which is the most important factor of production?
land , labor and capital
Which factor of production is being under-utilized when unemployment is a problem?
land
Which factor of production is used by manufacturing firms for a physical location?
land
