eduandres10 eduandres10
  • 03-09-2018
  • Business
contestada

Why are the factors of production necessary for the production of goods and services?

Respuesta :

sabinekabuika20
sabinekabuika20 sabinekabuika20
  • 03-09-2018

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.

Answer Link

Otras preguntas

How did the Sherman Antitrust Act restrict monopolies?
what was the modern-day state of Utah called during the civil war
Should children be restricted from caffeine use?why? is this a matter for government involvement? parental guidance? Explain
Where is the Water table?
What impact did the New Deal have on arts and letters in the 1930's?
Identify the italicized word according to its class in structural linguistics. (May) I go to the library? conjunction preposition auxiliary interrogative empty
f(x)= |3x-4|+2, find f(-10)
what were joseph pulitzer and william randolph hearst well known pioneers of? A. publishing news journals aimed at the upper soical classes in america. B. produ
how will resistance change when the voltage increases in an electric circuit if the current remains constant
how do we calculate 25% of 300