What are the factors of production in business? Land, labor, and capital land, capital, and interest land, labor, and customer base capital, customer base, and interest

Explanation:

The factors of production are the resources that are used to produce goods and services.

By definition resources are scarce.

Land includes everything that comes from the land, that can be used as raw material to produce other materials; for instance, water, minerals, wood.

Labor  is the work done by anybody, not just at a factory but at any enterpise that produce a good or a service. For instance, the work done by a person in a bank or a restaurant.

Capital is the facilites (buildings), machinery, equipments, tools that the persons use to produce goods or services. For instance, a computer, a chemical reactor, or a pencil.

Nowadays, also entrepreneurship is included as a factor of production, since it is the innovative skill of the entrepeneurs to combine land, labor and capital what permit the production of good and services.

the equation above shows how temperature f, measured in degrees fahrenheit, relates to a temperature c, measured in degrees celsius. based on the equation, which of the following must be true?

a temperature increase of 1 degree fahrenheit is equivalent to a temperature increase of

5

9

degree celsius.

a temperature increase of 1 degree celsius is equivalent to a temperature increase of 1.8 degrees fahrenheit.

a temperature increase of

5

9

degree fahrenheit is equivalent to a temperature increase of 1 degree celsius.

a) i only

b) ii only

c) iii only

d) i and ii only

answer:

yes

explanation: