0
What else can I help you with?
: Describe the factors of production required to deliver a service like education?
You need to service each level of education - primary, secondary, tertiary, and non-formal education. You should have a budget.
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Income of the four factors of production?
The four factors of production earn the following income:Land earns rent.Labour earns wages.Capital earns interest.Entrepreneurship earns profit.Refer to "Factors of productions?" for the definition of each factor of production. This can be found at [ Factor_of_production]
What is the remuneration of each of of the four factors of production?
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
What are the factors that determine the amount of a product suppliers are willing to produce at each possible price?
The amount of a product suppliers are willing to produce at each price level is influenced by several factors, including production costs, technology, and market conditions. Higher prices typically incentivize suppliers to increase production to maximize profits, while lower prices may not cover costs, leading to reduced output. Additionally, factors like competition, demand elasticity, and resource availability also play a significant role in determining supply levels. Lastly, government regulations and taxes can impact production decisions and pricing strategies.
How a production possibility curve depends on factors of production?
A production possibility curve depends on factors of production because they are all part of one big group. For example, if raw material does not arrive when needed, there can be no production. Each part of the production process depends on the step before it.
State and explain the four factors of production giving one example in each case?
Factors of production are the basic inputs used in the production of goods and services. It includes land,labour,capital and entrepreneurship. By Lamptey Samuel Boafo
How many ATMs are made each day?
There is no set number of ATMs made each day as production can vary depending on demand, manufacturer capacity, and other factors. However, major ATM manufacturers can produce thousands of machines per month to supply the global market.
Why which factor of production is represented by each of the following?
To answer your question accurately, please specify the factors of production or examples you would like to analyze. The four main factors of production are land (natural resources), labor (human effort), capital (machinery and tools), and entrepreneurship (business acumen and innovation). Each factor plays a crucial role in the production process and contributes to the overall economy.
What 4 factors of production and explain briefly why each is necessary for production to take place?
The four factors of production are land, labor, capital, and entrepreneurship. Land refers to natural resources needed for production, such as minerals, water, and arable land, essential for providing raw materials. Labor involves the human effort and skills required to produce goods and services, making it crucial for transforming resources into finished products. Capital includes the machinery, tools, and buildings used in the production process, necessary for increasing efficiency and productivity. Finally, entrepreneurship is the ability to innovate and organize the other factors of production, driving economic growth and creating new products and services.
Why would a british cow exported to Uganda be less likely to produce 30 liters of milk each day?
The access to exactly the right feed, the temperature and possibility of anoying insects and infection all are factors that could diminish the production of milk.
Why a British cow exported to Uganda would be less likely to produce 30 liters of milk each day.?
The access to exactly the right feed, the temperature and possibility of anoying insects and infection all are factors that could diminish the production of milk.
