What are factors of production? resources like land, labor and capital needed to produce goods O even distribution of economic power people that buy and sell things benefits offered to attract the best workers

Answers

Answer 1

Answer:

Factors of Production: Land, Labor, Capital

What It Means

In economics the term factors of production refers to all the resources required to produce goods and services. A paper company might need, among many other things, trees, water, a large factory full of heavy machinery, a warehouse, an office building, and delivery trucks. It might require a thousand workers to run the factory, take orders, market (or sell) the paper, and deliver it to wholesalers or retail stores. It might need thousands more resources of varying size and cost. Some of these items, such as workers’ skills, might be intangible. Together, these resources constitute the factors of production necessary for the paper company to do business.

Though the number and variety of the different resources businesses require is limitless, economists divide the factors of production into three basic categories: land, labor, and capital. Land refers to all of the natural resources that businesses need to make and distribute goods and services. Among the resources that the paper company requires, the trees and water used to make paper would be classified as land, as would the ground on which the factory, warehouse, and office buildings are located. In economics, terms as various as gold, soil, forests, oil, coal, air, lakes, rivers, wildlife, fish, the sun, and even outer space fall under the heading of land. All of these things are alike in that they are provided by nature rather than made by humans.

Labor refers to the workers necessitated to produce goods and services. The factory workers, office workers, marketing staff, and sales staff of the paper company would all be considered labor. Labor includes not just the number of employees but also the various abilities called for from workers. The labor needs of a paper company would probably differ substantially from the labor needs of a computer company, even if both needed the same number of employees.

Capital refers to the human-made equipment required to produce goods and services. The paper company’s factory, machinery, office building, and delivery trucks would be examples of capital. Sometimes capital is also defined to include the money used to buy such equipment and to start and maintain business operations.

Some economists include a fourth category among the factors of production: entrepreneurship. Others consider entrepreneurship a form of labor or capital. An entrepreneur is someone with the creative ability required to organize the other factors of production in ways that produce profits. The profitability of the paper company depends not simply on the presence and quality of its land, labor, and capital but also on the decisions made about how to employ these resources.

On a national scale the study of economics looks at problems related to the scarcity of resources, among other things. Since no economy has an unlimited supply of the factors of production, it is not possible to satisfy all of a population’s wants and needs. All societies must make choices about how to use resources. In a market economy these choices emerge from the interactions of countless individual buyers and sellers competing with one another for profit and economic well-being. Economists study how these choices are made and how they might be made differently

Explanation:


Related Questions

Interpretation is the same as analysis.

True o False?

Answers

Interpretation is like an inference, not like something that is completely accurate. An analysis is like breaking it down to have a better understanding, so I’d say false.

Answer:

False

Explanation:

Analysis is an interpretive process that draws conclusions from a set of facts

(basically using prior knowledge from given facts)

An interpretation is a logical analytical conclusion about a work based on the facts of the story.

(like a conclusion except you are assuming based off of facts from a story)

Write a summary of how the plot unfolds in the book "The Lion, The Witch, and The Wardrobe."

Answers

The plot unfolds when is the main character goes into complete distress with a conflict with another character

Is the following sentence correct ?

Review your answers and compare them with the model answers.​

Answers

Answer:

no

Explanation:

no no no no no no no no no

Based on the movie poster above, what conclusions can you draw about the plot of the movie?
A.)It is a funny movie spoof about teenagers at Saturday detention.
B.)It is about a couple in search of a lost treasure.
C.) It is about a couple having an extra-marital affair.
D.) It is about someone dying of a disease.

Answers

C( it is about a couple having an extramarital affair

Answer:

It is about a couple having an extra-marital affair.

took the practice :))))

Explanation:

What does Athena do for/to Odysseus and Telemachus? (The odyssey book 16)​

Answers

Answer:

Athena helps Odysseus carry out his vengeance by helping him conceal and reveal his identity: she enhances his talent for disguise by intermittently changing his own appearance. We see again that she helps Odysseus, she augments his own skills, but she does not control him.  

Explanation:

Hope this helped answer your question.

3. Photosynthesis is an important process that supports many kinds of life. What
evidence from the text supports this conclusion?
A. Photosynthesis may be the most exciting earth process we know of.
B. Photosynthesis produces oxygen, which allowed diverse mineral and organic life to
emerge.
C. Photosynthesis operates on the smallest scale imaginable.
D. Photosynthesis is a process by which plants convert water, carbon dioxide, and
sunlight into oxygen.

Answers

Answer:

B. Photosynthesis produces oxygen, which allowed diverse mineral and organic life to

emerge.

Explanation:

Photosynthesis is an important process that supports many kinds of life. The

evidence from the text that supports this conclusion is "Photosynthesis produces oxygen, which allowed diverse mineral and organic life to emerge."

A poetry that shows freedom

Answers

Answer:

Explanation:

 

Alfred, Lord Tennyson, ‘Of Old Sat Freedom on the heights

Of old sat Freedom on the heights,

The thunders breaking at her feet:

Above her shook the starry lights:

She heard the torrents meet.

There in her place, she did rejoice,

Self-gather’d in her prophet-mind,

But fragments of her mighty voice

Came rolling on the wind …

Based on what you know so far of Pandora, Perseus, and Prometheus, which character interests you the most?

Answers

Answer:

pandora

Explanation:

she unleashed everything bad in the world

Perseus I believe...

Either of the classic cars is for sale.
Either of the classic cars are for sale.

Answers

Answer:

the second one is correct

Explanation:

Into the wild chapter 17 - What did Andy Horowitz say about Chris?

Answers

Answer:

A year after McCandless wanted to cross the river, Krakauer stands on the other side, also wanting to cross, with three companions. Krakauer has a map that shows that there is a gauging station only half a mile downstream, which has a wire crossing the river, and a basket that one can ride across in. When they get to the station, they see that the basket is on the far side of the river, and it had been there when McCandless wanted to cross—had he known about it, he easily could have crossed to safety. McCandless, however, wanted to be on uncharted territory, and so didn’t carry a good map with him.

Explanation:

What does this quote mean, "You don't fight racism with racism, the best way to fight racism is with unity?" Plzzzzzzz help me!!!!​

Answers

Treat everyone the same. Don’t make anyone feel inferior to others

Answer:

This means (for example) instead of replacing white supremacy with black supremacy, everyone coming together will make racists the minority, so they aren't as powerful and won't have as much impact on society. It's basically like ignoring your bully at school instead of confronting them; it's taking away their power by being the bigger person instead of empowering them by giving them what they want.

Explanation:

:)

How does the use of actual names and dialogue in A Night to Remember to serve the author’s purpose?

by presenting the characters as people in a real-life situation
by indicating which conversations occurred and which did not
by suggesting why the event described is so well known
by showing how many passengers were on the ship

Answers

Answer:

A- by presenting the characters as people in a real-life situation

Answer:

A. By presenting the characters as people in a real-life situation

Explanation:

I got it right on the test that I took.

Read the claim.
CLAIM: Having a job is a bad idea for a junior high student.
Which revision makes the claim more precise, specific, and clear?
Select one:

Having a job is a bad idea for a junior high student, and it always has been.

Having a job is a bad idea for a junior high student, no matter what his or her GPA.

Having a job is a bad idea for a junior high student, because students need time to study.

Having a job is a bad idea for a junior high student, as everybody knows.

Answers

Answer:

Having a job is a bad idea for a junior high student, because students need time to study

Pretty please help !!

Answers

I hope this helps i’m not for sure on the bottom but i believe the top is correct.

Write a short paragraph and use at least 2 adjectives and 2 adverbs in your paragraph

Answers

Answer: I was strolling happily down the trail when I accidentally tripped over a rock. I got back up to my feet clumsily while examining my injured ankle.

Explanation:

1. Acceleration is defined as the change in ______.

a. velocity of an object

b. distance divided by time

c. velocity divided by the time interval

d. time it takes to move from one speed to another

2. Which of the following is a vector quantity?

a. 10 m

b. 60 kph

c. 100m/sec

d. 100 kph West

3. Which of the following represents acceleration?

a. 7m/s2

b. 8m

c. 15m

d. 20m/s

4. Which of the following represents speed?

a. 2m/s2

b. 4s

c. 6m

d. 8m/s

5. A person travels 10 meters North, 5 meters East, and 10 meters South. What is

the total distance?

a. 10m

b. 15m

c. 20m

d. 25m

6. A bus travels down a straight highway and goes from 0 to 10m/s in 5 seconds.

What is its acceleration?

a. 2m/s2

b. 3m/s2

c. 4m/s2

d. 5m/s2​

Answers

Answer:

1.) C

2.) C

3.) A or D

4.) D or A

5.) D

6.) A


The family (cleans, clean) their rooms.

Answers

Answer: (Cleans)

Explanation: My family (Cleans) their rooms.

Hope this helps!

75 POINTS!!! propaganda poster edg 21. Create a propaganda poster that expresses support for or opposition to a current social or political topic. Ask for my email if needed

Answers

Give me your email , mine is my username I can’t explain over text

Answer:

It should be A

Explanation:

Your boss has asked you to e-mail a client to let her know that the company
will be late in delivering a report she's requested. Which of the following is the
appropriate way to let her know?
A. There ain't no way we can deliver the report on time.
B. I'm sorry, but the delivery won't be made on time by us.
C. We can't get the report to you on time Sorry.
D. I regret to inform you that we will be unable to deliver the report as

D

Answers

D because it is formal and professional

"The doors to the castle swung open, inviting me in" is an example of...
onomatopoeia
alliteration
personification
simile​

Answers

Answer:

personification

Explanation:

a door cant can't greet you, so you're giving the object person characteristics

4. Literary Text: “The Eagle,” Alfred, Lord Tennyson

Read this poem by Alfred, Lord Tennyson. Then, answer the following question(s).


Which sound devices are used in line 1 of the poem?

a. assonance and consonance
b. alliteration and slant rhyme
c. assonance and alliteration
d. consonance and onomatopoeia

5. What does the simile in line 6 suggest about the eagle?

a. its slow but steady hunting style
b. its extreme hunger
c. its sharp eyes and beak
d. its speed and power

6. Which line from the poem reveals personification?

a. the blue sky above a mountain
b. the sound of an eagle's wings
c. the rough feeling of a mountain crag
d. the wrinkled sea beneath him crawls

Answers

Answer:

The sound devices used in line 1 are:

c. assonance and alliteration

The simile in line 6 suggests the following about the eagle:

d. its speed and power

The line which reveals personification is:

d. the wrinkled sea beneath him crawls

Explanation:

This is line 1 of the poem: "He claps the crag with crooked hands." Notice that there is a repetition of the initial consonant in three words: clasps, crag, and crooked. That is an example of alliteration. There is also the repetition of the vowel sound in: clasps, crag, and hands. That is an example of assonance.

This is line 6 of the poem: "And like a thunderbolt he falls." The simile (comparison) used here is between the eagle and the thunderbolt. The purpose is to attribute the characteristics of the thunderbolt to the eagle, such as its speed and its power.

Finally, personification is a literary device in which human qualities or actions are attributed to inanimate objects. In option d. "the wrinkled sea beneath him crawls," the action of crawling can only be performed by humans or animals, but not by the sea. Therefore, it is an example of personification.

Read the excerpt from "The Tell-Tale Heart".
The narrator says that other people characterize him as
abc
calm
TRUE!-nervous-very, very dreadfully nervous I had
been and am; but why will you say that I am mad? The
disease had sharpened my senses-not destroyed not
dulled them. Above all was the sense of hearing acute. I
heard all things in the heaven and in the earth. I heard
many things in hell. How, then, am I mad? Hearken! and
observe how healthily-how calmly I can tell you the
whole story.
healthy
insane
scared

Answers

Answer:

Insane

Explanation:

The narrator says that other people characterize him as Insane.

Who is an Insane Person?

This refers to a person who is emotionally unstable and behaves in an abnormal way,.

With this in mind and from the given excerpt, we can see that based on the narrator's mannerisms, the other people believe he is insane and as such, they say that he is emotionally unstable.

Read more about insanity here:

https://brainly.com/question/7226438

Name 3 examples of popular foods in Michigan? ​

Answers

Answer:

Mackinac Island Fudge. ...

The Coney Island Hot Dog. ...

Detroit Style Pizza. .

Explanation:

They helped michigan become famous

"The moment I slide into my chair, I was served a huge plate of food. Eggs, ham, piles of chips. A tureen of fruit stays on the ice to keep it chilled. The basket of rolls they set before me I would keep my family for a week. There’s an elegant glass of orange juice. (verb sense)
1 count
2touch
3taste
4hear​

Answers

3 taste I think yep.

Combine these two sentences to form a logical complex sentence.
Anna served chicken for dinner. Ray is a vegetarian. (IS NOT A)


A.
Anna served chicken for dinner as if Ray is a vegetarian.
B.
Anna served chicken for dinner provided that Ray is a vegetarian.
C.
Anna served chicken for dinner even though Ray is a vegetarian.
D.
Anna served chicken for dinner as though Ray is a vegetarian.

Answers

Answer:

C. Anna served chicken even thought Ray is a vegetarian

Explanation:

Because all the other answers don't make sense, as though would mean she served it to him as a punishment, or something like that, and as if doesn't even sound right. I hope this helps!

I will be so thankful if you help me on this one :)

Answers

5. C- Cause and Effect
6. A- Problem and Solution
7. D- Spatial

Hope this helps :)

The description of the grandfather in paragraph 12 implies that he -
F thinks his decision is causing his family more harm than good
G believes his family will enjoy great wealth by selling the gold nugget
H realizes the insignificance of the gold nugget
J has found peace with the decision he has made

Answers

The answer is J :) ..........

“They can turn it into a picnic if they want to—they brought plenty provisions.”

Answers

You never put a question to this so I guess I agree

3. Which of the following is an example of hyperbole?
A) There are no zombies under your bed, now go to sleep!
B) A tyrannosaurus let out a tremendous roar that shook the ground.
C) You never let me leave the house, Mom!
D) The movie theater was silent, dark and empty.

Answers

B. A tyrannosaurs let out a tremendous roar that shook I the ground

Answer:

C

Explanation:

Never would mean the person is forever stuck however, they are not because they do leave the house at some point.

Which word from Kurd's speech has the strongest
emotional connotation
What emotion does this word inspire in the reader?
What is King's purpose in using this word with a strong emotional connotation?

Answers

how would we answer these questions when you don't provide us with the context we need

Answer:

Which word from King’s speech has the strongest emotional connotation?

✔ “majestic”

What emotion does this word inspire in the reader?

✔ a feeling of wanting to do something grand

What is King’s purpose in using this word with a strong emotional connotation?

✔ to inspire people to remain nonviolent

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What was John Browns motive for raiding the federal arsenal at Harpers Ferry?A. to protest the harassment of abolitionistsB. to keep states from enforcing the Fugitive Slave ActC. to arm enslaved people and start an uprising against slaveryD. to help defend the Underground Railroad which american colonys economy was based primarily on shipbuilding and fishing??? Truck drivers and retail sales workers are both examples of occupations that are:affected by increases or decreases in the economy.not affected by the economy.physically demanding.o highly stressful. Can some plz help me plz help me plz and ty need help asap hurry Please help me! due today! I can't figure this problem out- Please help me Most geologists think that the movement of Earths plates is caused by ____.a. Continental Driftb. Conductionc. Convection Current 32. Mi to viaja en el tren que slo(2 Points)en una ciudad.*paranparapareparas x-y=3 work out the value of 5(x-y)work out the value of 2x-2ykwork out the value of y-x escribe con letra 0.00125 Is this symmetrical or asymmetrical?Dont guess!I will mark brainliest if its correct! 9) What were THREE areas of reform that became women's issues? Select THREEeducationabolitionismslaveryprison and mental health reformtemperance Which of the fractions is equivalent to 2/5? If there is a title, does it tell you what the poem is about? Please answer if your know Which structure of the plants is an opening that exchanges gas and water?A. chloroplastsB. stemC. stomata What is the expected value when rolling a fair 12-sided die? A city continuously disposes of effluent from a wastewater treatment plant into a river. The minimum flow in the river is 130 m3/s, and the discharge from the treatment plant is 37 m3/s. Upstream from the outfall, the background concentration is 0.69 mg/L. The maximum allowable concentration in the river is 1.1 mg/L. What is the maximum concentration that of the pollutant (in mg/L) that can be safely discharged from the wastewater treatment plant