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What factor of production directs the work flow of the other 3 factors?
management
What factor of production directs the other three?
Management
Why entrepreneurs is a principal actor in production?
IT IS A PRINCIPAL FACTOR IN PRODUCTION BECAUSE 1. The efficiency of other factor of production depends on him 2. The entrepreneur takes the basic decisions concerning the business entreprise 3.He co-ordinates and organises all other factors of production.
What factor of production includes such things as machinery and buildings used in the production of other goods?
The factor of production that includes machinery and buildings used in the production of other goods is called "capital." Capital refers to the physical assets that companies utilize to create products and services, distinguishing it from other factors such as labor and natural resources. It encompasses tools, equipment, and infrastructure essential for production processes.
What do economists consider as basic resources or factors of production?
The most important resources or factors of production in economics (with their respective factor rewards in parentheses) are: Land (rent); Labour (wages); Capital (interest); Entrepreneurship (profit). These factors, combined with management and economic risk taking, combine with other factors (specific to the industry) to produce output.
What factor of production directs the work flow of the other 3 factors?
management
What factor of production directs the other three?
Management
Which of the factor productions directs the work flow of the other three factors?
Management
Why is money a factor of production?
money acts as a factor of production. it is because the other factors of production are indirectly dependent on money. more the money paid to any factor of production more it will work. hence money encourages other factors of production to work more.
Why entrepreneurs is a principal actor in production?
IT IS A PRINCIPAL FACTOR IN PRODUCTION BECAUSE 1. The efficiency of other factor of production depends on him 2. The entrepreneur takes the basic decisions concerning the business entreprise 3.He co-ordinates and organises all other factors of production.
What is the production capacity of sail as a critical success factor?
The percentage changes according to many other factors, competency, conditions etc
What factor that directs and energizes the behavior of humans and other organisms?
Motivation is the factor that directs and energizes the behavior of humans and other organisms. It can be intrinsic, such as personal satisfaction or curiosity, or extrinsic, such as rewards or punishments. Motivation plays a key role in driving individuals to pursue goals and meet their needs.
Provide an example that represents limited resources?
Factors of production are also termed resources or scarce resources. This factor must be produced using other factors of production, which means that society is often, Farmland provides an example of the blur between land and capital.
What do economists consider as basic resources or factors of production?
The most important resources or factors of production in economics (with their respective factor rewards in parentheses) are: Land (rent); Labour (wages); Capital (interest); Entrepreneurship (profit). These factors, combined with management and economic risk taking, combine with other factors (specific to the industry) to produce output.
Australia's 4 factors of production?
Australia's (and every other country) four factors of production are:LandLabourCapitalEntrepreneurship.Hope this helps
What is a square factor?
They are square factors that are factors of other numbers as for example 9 is a square number that is a factor of 27
What are the factors and prime factors of 1789?
1789 is a prime number and is its only prime factor. Its other factor is 1.
