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What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Describe the most common types of economic activities found in the united state?
There is a few common factors that the economic activities that are found in the United States. Some of the common factors are money and transportation.
Consumers who are willing and able to purchase a product or service create an economic situation referred to as?
Consumers who are willing and able to purchase a product or service create an economic situation referred to as supply and demand. The price of the product or service tends to rise and fall depending on these factors.
What are the example that economic factors linked to non-economic?
examples of non economic factors
How political and economic factors affect the international buyers?
Since the question does not directly specify what context is meant, we need to take a general stance by using examples. What are political factors? They include an unbalanced political situation in a country (caused by war for instance or a revolution), or international sanctions (like in Iran and North Korea). Economic factors are related to sanctions and war -- basically economic and political factors usually go hand in hand. International buyers are probably the people who import and export products and services from and to countries. Logically, an unfovarable economic and political situation would lead to less trade. International buyers wouldn't be able to carry out their job properly and thus it will be a disadvantage to their businesses.
What factors describe the economic situation in Sub-Saharan Africa?
Poverty, crime, lack of economic diversity, and refugee population are some of the factors that describe the sub-Saharan Africa region. A weak governing system is also a main contributor to the economy.
These factors describe the economic situation in Sub-Saharan Africa?
Sub-Saharan Africa's economic situation is characterized by a mix of rapid growth and significant challenges. While some countries experience robust GDP growth driven by natural resource exports and investment, others struggle with poverty, unemployment, and political instability. Additionally, issues such as inadequate infrastructure, limited access to education and healthcare, and the impacts of climate change hinder overall development. The region is increasingly looking to diversify its economies and improve trade relations to foster sustainable growth.
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Describe a situation where it is useful to know about factors and multiples?
When taking algebra tests.
Describe the most common types of economic activities found in the united state?
There is a few common factors that the economic activities that are found in the United States. Some of the common factors are money and transportation.
What correctly describe economic determinism?
All social institutions and social behavior are controlled by monetary factors.
What factors increased the trans saharan trade?
Some factors that led to the rise of trans-Saharan trade were the spread of Islam and the trading between the North and West.
Consumers who are willing and able to purchase a product or service create an economic situation referred to as?
Consumers who are willing and able to purchase a product or service create an economic situation referred to as supply and demand. The price of the product or service tends to rise and fall depending on these factors.
What personal factors influences consumer buying behaviour?
age and life cycle occupation economic situation lifestyle personality and self concept
What are the example that economic factors linked to non-economic?
examples of non economic factors
What do circumstnces mean?
"Circumstances" refer to the conditions or factors that surround a situation. It can describe the environment, events, or facts that influence or determine an outcome.
What are contextual factors?
Contextual factors are the elements and circumstances surrounding a situation that can affect how it is understood or experienced. These factors can include cultural norms, historical events, physical environments, social relationships, and economic conditions. Understanding contextual factors is important for gaining a comprehensive view of a situation or phenomenon.
