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Example of capital resources?
Definition-Capital resources are any goods that are used in the production process to produce a good or service.Example-An example would be the factory itself, machines, vehicles, etc. In a service industry, for example a hair stylist, a bottle of shampoo might be classified as a capital resource as it is involved in rendering a service to the consumer.
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
What does a decline in working capital over the years indicate?
Introductory economic courses tell us that declining capital is a bad sign for economic growth. Capital equipment such as computers and manufacturing equipment, things that are usually used with labor in producing output, is a supply factor (other supply factors include human resources, natural resources, and technology). A nation's potential production (as shown on a production possibilities curve which illustrates a simplified version of the combinations of capital and consumer goods that can be produced) is determined by supply factors along with demand and efficiency factors. Outward shifts of this curve mean economic growth; the potential production has increased. Using capital as an example, if capital increases (increase in supply factor), potential production will increase, thus indicating the potential for economic growth. On the other hand, if capital decreases, potential production will decrease, thus indicating a decrease in economic growth.
Why is necessary for production take place?
The input of land, labor, and capital.
What are examples of capital resources?
Capital resources are any goods that are used in the production process to produce a good or service.Capital Resources:TrucksBuildingsToolsCellphonesPrintersFax MachineEaselsMarkers
An office building is an example of which factor of production?
capital
A factory machine is an example of what factor of production?
CAPITAL
A factory machine is an example of which factor of production?
capital
A tow truck is an example of which factor of production?
A tow truck is an example of capital.
A farmer's tractor is an example of which factor of production?
A farmers tractor is an example of capital.
A telephone system in an office complex is an example of which factor of production?
A telephone system in an office complex is an example of production capital.
What factory is an example of which factor of production?
Capital Study islafd
Tow truck is an example of what factor of production?
A single example of a capital factor of production is a tow truck. The technology, machinery, equipment, and tools utilized in the production of products and services are referred to as capital. A tow truck falls under the capital category as it is a piece of equipment utilized in the towing and recovery sector.
A telephone system in an office complex is an example of what factor of production?
Capital
which option is an example of capital as a factor of production?
An industrial assembly line
Is iron an example of capital resource?
No, iron is not considered a capital resource. A capital resource typically refers to tools, equipment, and machinery used in the production of goods and services. Iron can be a raw material in the production process but is not classified as a capital resource.
Example of what factor of production?
Land, Labour, Capital and Entrepreneurship are the factors of production. Examples are Land, Labour in the form of employees, Capital like machinery used in different companies and industries are examples of factors of production.
