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Why is labor an active factor of production?
it can be increased or decreased based upon demand
Why is land considered a passive factor in production?
Land is considered a passive factor in production because it does not change or actively contribute to the production process on its own. Instead, it provides the natural resources and space that are utilized by labor and capital. The productivity of land depends largely on how effectively it is combined with other factors of production, such as labor and technology, rather than generating output independently. Thus, land serves as a foundation for production but requires active management and input from other factors to create goods and services.
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
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Why is labor an active factor of production?
it can be increased or decreased based upon demand
Why is land considered a passive factor in production?
Land is considered a passive factor in production because it does not change or actively contribute to the production process on its own. Instead, it provides the natural resources and space that are utilized by labor and capital. The productivity of land depends largely on how effectively it is combined with other factors of production, such as labor and technology, rather than generating output independently. Thus, land serves as a foundation for production but requires active management and input from other factors to create goods and services.
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
Why money is not consider as a factor of a production?
Money is not a factor of production in economics because it is used as a way to facilitate trade, but does not actually produce goods or services on its own. Money is not considered a factor of production because it cannot be made into a good or service. It can only purchase them. Money facilitates trade, but it is not in itself a productive resource. A factor of production is an input to the production process, such as capital. Money is not capital as economists define capital, because it is not a productive resource.
Is 4 cm dilated and 2 station active labor?
Is 4 cm considered active 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.
What one factor of production the most important?
It is difficult to determine one single most important factor of production as it can vary depending on the context. However, labor is often considered a critical factor as it involves human capital that drives innovation, productivity, and economic growth.
