Business, 22.07.2019 05:00 aatharris21

Which of the following is not a factor of production? a. labor b. capital c. land d. goods and services asap

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Answer from: MayFlowers

Goods and services are not factors of production.

Factors of production are inputs that are needed to provide goods or services. They include, land, labor, capital, and entrepreneurship.

Further Explanation:Factors of reproduction Factors of reproduction or resources are inputs or resources that are used in the generation of goods and services with an aim of making profit.There are four main factors of production which include; Land, Labor, Capital and Entrepreneurship.Land This refers to all the natural resources that are available to be used in the production of goods.These natural resources includes raw materials from the ground, non-renewable resources such as petroleum and renewable resources such as timber.The income or reward earned from land as a factor of production is rent.Labor This refers to the manpower or work done by human beings.The value of labor depends on the skills, education and motivation of workers. The reward for labor as a factor of production is wages and salaries.Capital This refers to the capital goods, that is, man-made objects that are used for production of goods and services such as machinery, equipment and chemicals.They also include industries and commercial buildings.The reward or income earned from capital goods is interest Entrepreneurship It involves coming up with an idea and developing it into profitable business.An entrepreneur is therefore an individual who combines the other factors of production to build a business and add the supply in the economy.The reward or income earned by entrepreneurs is profit.

Keywords: Factors of production, labor, land, capital

Learn more aboutFactors of reproduction: linkReward for factors of reproduction: linkCapital goods: linkConsumer goods: link

Level: High school

Subject: Business

Topic: Factors of reproduction

Answer from: Quest

explanation:

the contractual interest rate is the interest the borrower must pay and the interest the lender receives, or more simply, it is the interest rate stated on a bond whereas the market interest rate is “the investors demand for loaning funds”. therefore, bonds can either be sold at a premium, face value, or discount.

Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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Which of the following is not a factor of production? a. labor b. capital c. land d. goods and...

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