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Delicious77 [7]
1 year ago
10

What are the four categories of resources? Give an example of a

Advanced Placement (AP)
1 answer:
Natalka [10]1 year ago
5 0

Answer:

In economics, factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

Explanation:

The four categories are:

1) Land - e.g.water.

2 ) Capital - e.g. machinery.

3) Labor - e.g. the effort of workers.

4) Entrepreneurship - e.g. the risk taking involved in organizing resources for production.

thank u mark me as a brainlist...

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2 years ago
An article is bought and sold with a profit of 25% of selling price,find the profit percent​
zvonat [6]

Answer:

<h3>33.3%</h3>

Explanation:

profit percent = Sp-Cp/Cp * 100%

Sp is the selling price

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Let the selling price of the article be x

If it is sold with a profit of 25% of selling price, then;

Profit = 0.25x

Since Profit = Sp - Cp

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Substitute into the formula

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