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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.
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Who coined the terms Micro Economics and Macro Economics?
Ranger Frisch coined these two terms in 1933.
The terms micro economics and macro economics were coined by?
Ragner Frisch.
Define globalisation in terms of economics?
Explain the role of an economist
What is land in economics terms?
In economics, land comprises all naturally occurring resources whose supply is inherently fixed
Who coined micro and macro economics?
Ragnar Frisch, Norwegian Economist, coined the terms 'micro' and 'macro' economics for the first time. He was the first Economics Nobel prize winner in 1969.
Who coined the terms Micro Economics and Macro Economics?
Ranger Frisch coined these two terms in 1933.
The terms micro economics and macro economics were coined by?
Ragner Frisch.
Define globalisation in terms of economics?
Explain the role of an economist
What is land in economics terms?
In economics, land comprises all naturally occurring resources whose supply is inherently fixed
Who coined micro and macro economics?
Ragnar Frisch, Norwegian Economist, coined the terms 'micro' and 'macro' economics for the first time. He was the first Economics Nobel prize winner in 1969.
What rhymes with high in cell terms?
In cell terms, "hi" rhymes with "nigh" or "sigh."
What terms is most closely associated with free-market economics?
Laissez-faire
What is the meaning in other terms of the subject hele?
Home Economics and Livelihood Education
What is meant by compounded interest in terms of economics?
In terms of economics, compounded interest means the interest earned from the principal and added interest. In many cases, this method is always used by some internet scammers to lure people to invest.
What rhymes with school in cell terms?
In cell terms, "nucleolus" (a structure within the nucleus) rhymes with "school".
What rhymes with mill in cell terms?
Pill and fill both rhyme with mill in cell terms.
In simple terms the basic structure of SuDeP model means in Economics?
spells were checked and they are OK
