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what Is the creation of goods and services using land labor capital entrepreneurship and knowledge?
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The resources that contribute to the creation of wealth are known as?
Factors of Production 1. Land 2. Labor 3. Capital 4. Entrepreneurship 5. Knowledge
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
What are the classifications of economic resources?
Land labour capital entrepreneurship
What are the three main economic resources used for making selling and using goods and services?
The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.
Four basic factors of production?
Land, labor, capital, and entrepreneurship.
The resources that contribute to the creation of wealth are known as?
Factors of Production 1. Land 2. Labor 3. Capital 4. Entrepreneurship 5. Knowledge
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
What do you call the four resources needed to produce goods and services?
land, labor, capital and entrepreneurship
What are four factors of production?
Labour Land Capital Entrepreneurship
What has the author Phillip Kim written?
Phillip Kim has written: 'Social capital and entrepreneurship' -- subject(s): Social capital (Sociology), Social networks, Entrepreneurship
What are the classifications of economic resources?
Land labour capital entrepreneurship
What are the three main economic resources used for making selling and using goods and services?
The three economic resources used for making, selling, and using goods and services are land, labor, and capital. Entrepreneurship is also a factor in making, selling, and using goods and services.
Four basic factors of production?
Land, labor, capital, and entrepreneurship.
What is land and natural resources labor capital and entrepreneurship?
Factors of Production
Difference between resource labor and resource entrepreneurship?
labour does actual work & entrepreneurship integrated land, labour and capital to contribute in production.
What is social capital in economics terms?
Economists speak of the different types of resources that can be utilized in the production of a good or service. These resources also known as factors of production can be put into four broad categories these are land, labor, capital and entrepreneurship. Capital is defined as buildings, equipment, and other assets that assist in the production of goods or services.Economists classify capital in terms of physical capital, human capital, and social capital. Physical capital consists of tangible items used to produce goods and services. Human capital consists of the education and training of the individuals in the production of goods and services. Social capital consists of the social connections, norms of behavior and trust between individuals that assists in the production of goods and services.
What is last factor of production?
The factors of production are resources that are the building blocks of any economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, entrepreneurship and IT.
