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What two things does a firm businesses use factors of production to create?
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What is necessary for countries economy?
the necessary things for a countries economy are the factors of production which is land , labour ,capital and entrepreneur.
Who owns the factors of production in a traditional economy?
The question is nonsensical. The factors of production require the existence of a consistent production, but this does not exist in a traditional economic system. All things that are produced are produced using common materials that are available to all and items are only created when they are necessary - not when a factory owner chooses to produce.
What does means of production mean?
Means of production means how things are made, milling would be a means of production. Basically how things are made is it by machine or human things like that.
How did new inventions help businesses?
It help businesses have things to become a new and better business.
Which one of the four factors of production does a business need first?
Here are the four factorsNatural resources which generally include all those things that generates naturallyCapitalhuman resourcesentrepreneurship - the business management
What does a business do?
What a business does depends on the type of business it is. Some businesses create things while other businesses sell things.
Which factor of production includes such things as plants and minerals used to create products?
land
What are the factors that influence the choice of costume for a theater production?
the factors that can influence the choice of costumes for a theatre cotume can be many things. For instance, the characters personality, their mood, their part in the production and movement (dancers need easily manipulated clothing, not big or tight things) hope this helps :)
What is necessary for countries economy?
the necessary things for a countries economy are the factors of production which is land , labour ,capital and entrepreneur.
what does a production engineer do?
Production engineers work on preventative maintenance, fix and improve certain things, work with wires and machines, create manuals and job procedure outlines.
What did Karl Marx mean by the 'means of production'?
Karl Marx used the term 'means of production' to refer to the physical and non-human resources used to produce goods and services, such as land, factories, and machinery. In Marx's theory of capitalism, ownership of the means of production by the capitalist class leads to exploitation of the working class. He argued for collective ownership of the means of production as a way to achieve a more equitable society.
Who in Italy owns the factors of production?
well, it imports so many things that it also provides the needs and wants of the people who need them so basically Italy owns the production factor..............
Who owns the factors of production in a traditional economy?
The question is nonsensical. The factors of production require the existence of a consistent production, but this does not exist in a traditional economic system. All things that are produced are produced using common materials that are available to all and items are only created when they are necessary - not when a factory owner chooses to produce.
What are the classifications of a business?
There are three different classifications of business. 1- primary businesses are businesses that extract things from the ground. 2- secondary businesses are businesses that make things out of raw materials. 3- tertiary businesses are businesses that sell the product made.
Factors of production for a retail clothing store?
Ok so Right now for homework I am righting an essay on the factors of production of a t-shirt .....think about where you grow it . Also think about all of those things such as ...The cotton of all of the clothing :D I hope this is helpful and really need to get to work on the essay .
What was the Production Budget for Where the Wild Things Are?
The Production Budget for Where the Wild Things Are was $100,000,000.
What was the Production Budget for Big Things?
The Production Budget for The Wild was $80,000,000.
