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Why is labor considered an active factor of production?
it can be increased or decreased based upon demand
What factor of production is a hammer?
Labor
How does demand of labor affect the level of production?
it affects because labor is the main factor of production so that is to say no labor no production at all
What factor of production does human capital enhance?
Labor
Which factor of production does every person possess?
Labor.
Related Questions
Why is labor considered an active factor of production?
it can be increased or decreased based upon demand
What factor of production is a hammer?
Labor
Which one is NOT a Factor of Production?
Labor
How does demand of labor affect the level of production?
it affects because labor is the main factor of production so that is to say no labor no production at all
A person delivering the mail is an example of which factor of production?
labor
What factor of production does human capital enhance?
Labor
A factory supervisor is an example of what factor of production?
labor
Which factor of production does every person possess?
Labor.
A factory represents which factor of production?
Labor (L)
Which is the most important factor of production?
land , labor and capital
How would you classify a movie star as a factor of production?
Labor.
Who works on a farm represents which factor of production?
Labor(L)
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