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Which factor of production is used by manufacturing firms or a physical location?
The factor of production used by manufacturing firms or a physical location is primarily "land." This encompasses not just the physical space where manufacturing occurs, but also the natural resources available in that location, such as minerals, water, and energy sources. Additionally, "capital" is also essential, including machinery and equipment used in the manufacturing process. Together, these factors create the physical framework necessary for production.
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.
Define and explain the four factors of production landlaborphysical capitalhuman capital?
Define factor of production land ,labour,physical capital ,human capital?
How does a business use production?
If the business is of manufacturing based, then production is the key factor circling which the other activities rotate. Keeping the production cost most competitive vis a vis maintaining quality of the product during production stage are of paramount important in the said business.
What do economists consider factor of production?
enumirate the different factor of production?
Which factor of production is used by manufacturing firms or a physical location?
The factor of production used by manufacturing firms or a physical location is primarily "land." This encompasses not just the physical space where manufacturing occurs, but also the natural resources available in that location, such as minerals, water, and energy sources. Additionally, "capital" is also essential, including machinery and equipment used in the manufacturing process. Together, these factors create the physical framework necessary for production.
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 factor of production is represented by an assembly line worker?
An assembly line worker represents the labor factor of production. Labor refers to the human effort, both physical and mental, used in the production of goods and services. In this context, the worker contributes their skills and efforts to assemble products efficiently within a manufacturing process. This role is essential for increasing productivity and ensuring the smooth operation of the production line.
Define and explain the four factors of production landlaborphysical capitalhuman capital?
Define factor of production land ,labour,physical capital ,human capital?
How does a business use production?
If the business is of manufacturing based, then production is the key factor circling which the other activities rotate. Keeping the production cost most competitive vis a vis maintaining quality of the product during production stage are of paramount important in the said business.
What do economists consider factor of production?
enumirate the different factor of production?
What was the Production Budget for Chill Factor?
The Production Budget for Chill Factor was $34,000,000.
What has the author David F Walker written?
David F. Walker has written: 'The role of coal as a location factor in the development of manufacturing industry in Southern Ontario, 1871-1921' -- subject(s): Coal, Industrial location
Are genes the only social factor that effect the way children grow up?
Genes are not a social factor, they are a physical factor. Social factors are the impacts of the people, geographic location, and societal practices that you grow up with.
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 factor of production is a raw material?
A raw material is considered a natural resource, which is one of the four factors of production. It serves as a basic input in the production process, as it is transformed into finished goods or products. Raw materials are essential for manufacturing and agriculture, providing the foundational components needed for creating value through production.
What is factor price?
the cost of factor of production
