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Ede4ka [16]
1 year ago
10

Factors of production are? scarce in every society. scarce only in advanced countries. scarce only in the poorest countries of t

he world. unlimited in quantity.
Business
1 answer:
Rashid [163]1 year ago
6 0

Factors of production are scarce in every society.

<h3>What are the factors of production?</h3>

Factors of production are the resources that are used in the production of goods and services. Factors of production are scarce and this is why it is important to use them in the activities that would maximise their use.

There are four factors of production in economics. They include - land, labor, capital and entrepreneurship.

Land includes all the natural resources that are used to produce goods and services e.g. gold mine. Labor is the human effort that is exerted in  the production of goods and services. Capital includes machinery and man made resources used in production. An entrepreneur is a person who combines the other factors of production together

To learn more about factors of production, please check: brainly.com/question/12342608

#SPJ1

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Sergeeva-Olga [200]

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it is a cape Coral's bat

8 0
3 years ago
if you followed the suggestions of robert m. mcmath, which of these provides the best advice for a marketer for colgate, when la
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5 0
1 year ago
Tammy, a single taxpayer, has a part-time job at BigCo, a company in which she has no ownership interest. In addition, she owns
adoni [48]

Answer:

Qualified business income deduction= $20,000

Explanation:

Section 199A of the Internal Revenue Code gives numerous citizens a conclusion to qualified business salary from a certified exchange or business worked straightforwardly or through a go through substance. People, trusts and bequests with qualified business salary, qualified REIT profits or qualified PTP pay may meet all requirements for the finding. QBI is the net measure of qualified things of salary, addition, derivation and shortfall from any certified exchange or business. The reasoning will be % of QBI.

Tammy shall get deduction of 20% of $ 100,000 = $ 20,000

8 0
3 years ago
If Roten Rooters, Inc., has an equity multiplier of 1.27, total asset turnover of 2.10, and a profit margin of 6.1 percent, what
alexira [117]

Answer:

16.27%

Explanation:

Given that,

Equity multiplier = 1.27

Total asset turnover = 2.10

Profit margin = 6.1 percent

Here, the return on equity is calculated by multiplying profit margin, asset turnover and equity multiplier.

Return On Equity:

= (Profit margin) × (Asset turnover) × (Equity multiplier)

= (0.061) × (2.10) × (1.27)

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= 16.27%

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4 years ago
What is always true at the quantity where a firm's average total cost equals average revenue?
Juli2301 [7.4K]
The firm is probably at its early stages of development, and is struggling to break even.
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3 years ago
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