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What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
What is needed to produce goods and services?
Productive resources: Human, Capital, Natural, Management, Entrepreneurs, and Technology
Why do countries differ in their capacities to produce different goods and services?
Due to there capabilities by there natural resources and labor.
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 are the economics resources of Switzerland?
There are three main economic resources of Switzerland. These include agriculture, industry, as well as services. Because Switzerland has very few natural resources, they must rely on products they produce.
What does economist mean by the term Land?
all Natural Resources used to produce goods and services.
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.
Why do countries differ in their capacities to produce different goods and services?
Due to there capabilities by there natural resources and labor.
What is needed to produce goods and services?
Productive resources: Human, Capital, Natural, Management, Entrepreneurs, and Technology
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 are the economics resources of Switzerland?
There are three main economic resources of Switzerland. These include agriculture, industry, as well as services. Because Switzerland has very few natural resources, they must rely on products they produce.
What natural resources does Puebla produce?
Diamonds
What does an economist mean by the term land?
all Natural Resources used to produce goods and services To economists, the term land included fertile land for farming as well as the products that are in or on the land, such as coal or water.
What is a factor in the decision of what to produce?
availability of Natural Resources
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
What are factor 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 is the use of resources and machinery to produce goods and services?
good
