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What is the basic resource or factor of production?
No. Resources are generally synonymous with the term 'natural resources' which is called 'land' in economics. Factors of production are also known as inputs, and these usually include: 1) Capital2) Labour3) Human capital4) Land5) Technology
Economic resources are also known as?
Factors of production.
What is the concept of the production possibilities?
Production possibilities is the extent of production in businesses. Production possibilities can change if resources increase within a business. Increasing labor can also change production possibilities.
How does technology affect factors of production?
technology greatly affect FOP, the main factor is that it reduces the need of the Labor an important FOP. also it contribute alot towards the capital ie made made resources
What is production possibilities?
A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.
What is the basic resource or factor of production?
No. Resources are generally synonymous with the term 'natural resources' which is called 'land' in economics. Factors of production are also known as inputs, and these usually include: 1) Capital2) Labour3) Human capital4) Land5) Technology
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.
Economic resources are also known as?
Factors of production.
What is the concept of the production possibilities?
Production possibilities is the extent of production in businesses. Production possibilities can change if resources increase within a business. Increasing labor can also change production possibilities.
How does technology affect factors of production?
technology greatly affect FOP, the main factor is that it reduces the need of the Labor an important FOP. also it contribute alot towards the capital ie made made resources
What are National resources?
national resources are the resources used by the nation.it can be also called public resources.
What are the National Resources?
national resources are the resources used by the nation.it can be also called public resources.
What is production possiblities?
A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.
What is production possibilities?
A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.
Is glucagon also called the hypoglycemic factor?
hyperglycemic factor
Are renewable energy resources are also called alternative energy resources?
No
What is production possibility curves?
A Production Possibility Curve is the curve which shows various combinations of two goods that can be produced with available techniques and with given amount of resources, which are fully and efficiently employed. It depicts a society's menu of choices of these two goods. It tells us that if the economy wants to produce more of one commodity, it will have to transfer or divert resources from the production of another commodity to the production of this commodity. That is why the production 'possibility curve' is also called 'transformation curve'.
