C-E-L-L in economics terms

Answer 1

it stands for

c= capital: man-made items used to produce goods and services to satisfy consumers needs and wants. eg. tool, machinery and factories.

e= enterprise: the ability or skill of an entrepreneur of a business to coordinate the other factors of production (CELL) efficiently.

l= labour: the people who are willing and able to participate in the production process in return for material rewards (wages). l= land: Natural Resources also includes MAFF; mining, agriculture, fishing and forestrys.

Answer 2

Oh, dude, you're talking about a "cell" in economics, not the thing in your body. In economics, a cell is just a single intersection point on a table or spreadsheet where a row and column meet. It's like where two roads cross, but with numbers and stuff. So, yeah, that's a cell in economics.

Answer 3

Capital

Economic

Land

Labour