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What do you mean by factor payments?

Factor payments means is a wage or interest or rent or profit payment for a service of scarce resources, in return for a productive services.


How do you evaluate the Philippines economic resources?

To evaluate the Philippines economic resources you have to look at the plants that are working. The amount of money that each resource is generating is another factor that can be used for the evaluation.


During your lifetime is there a cutoff for FICCA tax payments and at what amount?

Age is not a factor...or number of years you've contributed. There is a maximum amount of FICA taxable wages each year...that changes regularly.


What are the importance of resources?

time and factor are two important factor of resources


How do you define Non-wage factor?

non -wage factors are factor that are factor without payments


What is the definition of financial problem?

A risk factor related to the family's inability to provide sufficient financial resources to meet minimum needs


The fourth production factor needed to pull all three of the above resources together to make a product or to provide goods and services is called what?

Entrepreneurs.


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 people supply in return for factor payments?

Land, labor, or capital.


What is the limiting factor on a population?

Resources.


what are is not a factor in slow development of Asia's natural resources?

A factor that is not part of the slow development of Asia's natural resources are the residents. People have little to no bearing on how natural resources develop.


What are two types of payments of factors of production?

There arent only 2 payments of production and it depends on which factor of production you're talking about. For Labour - the payment to the factor is Wages, For Capital - Interest For land - Rent Entrepreneurship - Profits These payments to the factos of production are provided by the firms. M x