Definition: Ineconomics, factors of production, as the name signifies are the inputs or say resources acquired by the firm to use them in the production of goods or services, so as to earn a profit. The word‘production‘ refers to a systematic process of converting the inputs, into finis...
In traditional factors of production models, the resources required to produce an item are known as "land." When it comes to computers, resources are materials such as microchips, metals, plastic casing and other components. What makes computers different is the ever-changing technology, which cau...
What are the basic factors of production? Production Function Production function highlights the connection between the inputs used in the process and the output that can is harvested after the process. The production function highlights the relationship between the units of input and units of output...
Factors of production are the categories used to classify items that are needed for the production of goods and services. The main...
labor;capital;natural resources;technology and the entrepreneur
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It graphically demonstrates the potential economic combination of two goods that an economy can possibly produce in the most efficient manner with given factors of production and technology which are assumed to be constant. Answer and Explanation: 1 The production possibility curve...
What are the key macroeconomic indicators with a focus on domestic and global operations? What is the most important economic variable that explains fluctuations in the economy ACCORDING TO KEYNES? What are the factors of production in microeconomics?
What are the elements of persuasion? What is 6 divided by 2(2+1)? What factors affect motivation in the workplace? Factorise 2y^2 +7y +3 Factorise 2x^2+7x+3 Factorise 2x^2 - 10x+ 3x- 15 What are contolled variables? What are the two factors needed to make a production possibiliti...
9.What are the main influencing factors of strategic choice ( ). A. external environment B. production cost of existing products C. managers' attitude towards risk D.past strategies 点击查看答案&解析进入小程序搜题 你可能喜欢 A. B. C. D. 点击查看答案进入小程序搜题 假设你用FLEx新建项目,打开...