0
What else can I help you with?
What best explains the role that labor has in the production of goods and services?
Land,labor, and capital are all resources of production necessary to produce goods and services.
Which statement BEST explains the role that labor has in the production of goods and services?
land,labor, and capital are all resources of production necessary to produce goods and services
Why is capital resources important?
Capital resources are vital because they provide the necessary tools, machinery, and infrastructure that enable businesses to produce goods and services efficiently. They enhance productivity, allowing for increased output and innovation. Additionally, access to capital resources can improve a company's competitive advantage in the market, ultimately contributing to economic growth and development. Investing in capital resources is essential for sustainable business expansion and long-term profitability.
What is needed to produce goods and services?
Productive resources: Human, Capital, Natural, Management, Entrepreneurs, and Technology
Factories and machinery are factors of production known as capital resources?
Yes, factories and machinery are considered capital resources, which are a key component of the factors of production. Capital resources refer to the tools, equipment, and buildings used to produce goods and services. These resources are essential for enhancing productivity and efficiency in the manufacturing process, ultimately contributing to economic growth. By investing in capital resources, businesses can improve their output and competitiveness in the market.
What best explains the role that labor has in the production of goods and services?
Land,labor, and capital are all resources of production necessary to produce goods and services.
What are the three main kinds of resources and how is each one define?
The three main kinds of resources are natural, human, and capital. Natural Resources are gifts of nature, human resources are skills people have to produce goods and services, and capital resources are the things people make, such as machines and equipment, to produce goods and services.
Which statement BEST explains the role that labor has in the production of goods and services?
land,labor, and capital are all resources of production necessary to produce goods and services
What are examples of capital resources?
Capital resources are any goods that are used in the production process to produce a good or service.Capital Resources:TrucksBuildingsToolsCellphonesPrintersFax MachineEaselsMarkers
Why is capital resources important?
Capital resources are vital because they provide the necessary tools, machinery, and infrastructure that enable businesses to produce goods and services efficiently. They enhance productivity, allowing for increased output and innovation. Additionally, access to capital resources can improve a company's competitive advantage in the market, ultimately contributing to economic growth and development. Investing in capital resources is essential for sustainable business expansion and long-term profitability.
Capital resources needed to produce a dental office?
thesehuevos guey
Is money a capital resources?
No because money don't produce anything.
Is a chair a capital resource?
Chair is not considered a capital resource. Capital resources are the items that is used to produce a certain product. For example, machines are capital resources. Chair is more of a finished product, which is then sold.
What are capital resources?
Capital resources are goods produced and used to make other goods and services. They include tools, machines, and factories used to produce goods.
Why are physical resources important?
Physical resources are commonly thought as sources of supply or support, the primary types are capital and human resources. Capital resources are the tools such as equipment and machinery and infrastructure used to produce the product or service.
Is workers a capital resource?
No, workers are not considered a capital resource; they are classified as labor. Capital resources refer to the tools, equipment, and facilities used to produce goods and services. While workers contribute to the production process, they represent human resources rather than capital resources. Labor and capital are distinct factors of production in economics.
What do you call the four resources needed to produce goods and services?
land, labor, capital and entrepreneurship
