1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sophie [7]
3 years ago
12

Why are land,capital,labor,and entrepreneurs important for a product?

Social Studies
2 answers:
alukav5142 [94]3 years ago
7 0

Answer:

Land, capital, labor and entrepreneurs are important for a product because they are the factors of production needed to make that product.

Explanation:

Production factors is the economic term for the funds needed to produce goods and services. Production factors are traditionally divided into three main groups: labor, capital and natural resources, and they are joined by entrepreneurs in order to product the goods and services to be commercialized.

Natural resources are used to denote all types of natural resources that exist. Resources are scarce, limited.

Capital is used almost exclusively as a designation of real capital, which can be divided into fixed and variable real capital. Capital is, for example, all buildings and machines built by natural resources.

Human capital or education are the knowledge and skills that can create and drive capital or contribute to production. These conditions illustrate the difficulty of precisely defining each production factor.

horsena [70]3 years ago
6 0

All of these are key factors in order to reach a competitive product. In order for a product to be competitive, it must have an affordable price, be sought on the market, and what is most important to the capitalist, and it generates profit. That is why the workforce is important, which generates surplus value and that is a part that generates profit. Land as well as physical assets are the source of raw materials, and capital allows them to be purchased. By investing in the purchase of resources, investments are made with the desire to increase. Entrepreneurs are here to connect everything so that with optimal investments, they buy resources at a good price, pay workers, not too much, but to be motivated to work. A successful entrepreneur connects all these factors so that the product obtained is just competitive and earns a profit.

You might be interested in
Explain two factors why it is<br> important for youths to investigate and be knowledgeable about it.
Lubov Fominskaja [6]

Answer:

Success and consequences

Explanation:

For gaining success and avoiding consequences are the two factors that is  important for youths to investigate and be knowledgeable about it. For success, the youth of the nation have to investigate about a newly introduced thing and have the knowledge about it in order to gain more benefit from it and saves itself from the consequences that may be present in this newly introduced item.

6 0
3 years ago
Which of the following would be an advantage of building a dam on a river for irrigation purposes?
UNO [17]

Answer:i think it would be the very last one.

Explanation:sorry i had to look it up.

8 0
3 years ago
Read 2 more answers
Which of the following is false regarding legal cases discussed in the text? Ultramares corporation v. Touche established Ultram
nevsk [136]

Answer: Ultramares corporation v. Touche established Ultramares doctrine. Hochfelder v. Ernst & Ernst ruled that scienter is required before CPAs can be held liable.

Explanation:

All the options except the above are true. Ultramares corporation v. Touche did establish the Ultramares doctrine.  

United States v. Natelli sentenced two CPAs to prison for a year, in addition to fines, for violating the Securities Exchange Act of 1934.

Bily v. Arthur Young did not uphold the restatement doctrine. The restatement doctrine restatement doctrine makes an auditor liable to people who rely on the quality of his work be they his clients or third parties. Two high courts ruled that auditors are not liable to third parties who use their work but only to the party that contracted their work.  

However, Hochfelder v. Ernst & Ernst ruled that an allegation of scienter (an intention to deceive) is not required before CPAs can be held liable as long as the actions constitute actual deception.

While rule 10b-5 of the Exchange Act states the presence of scienter as a requirement to commit an offense, the court ruled against the statute by eliminating the Scienter clause from criminal statute and ruled against Ernst & Ernst.

8 0
3 years ago
Why political boundaries are created and why they change?
lukranit [14]

Answer:

Political boundaries are the dividing lines between countries, states, provinces, counties, and cities. These lines, more often called borders, are created by people to separate areas governed by different groups. ... Political boundaries change over time through wars, treaties, and trade

6 0
3 years ago
What is the main difference between coaching and mentoring?
Elena L [17]
Coaching and mentoring use the same skills and approach but coaching is short term task-based and mentoring is a longer term relationship.
4 0
3 years ago
Other questions:
  • Waldo is traveling through a country located on the South China Sea.  This country was divided in 1954. H o Chi Minh's communist
    14·1 answer
  • When an object is lifted 4 feet off the ground, it gains a certain amount of potential energy. If the same object is lifted 12 f
    13·1 answer
  • __________ was a representative from Texas in the Spanish government.
    9·2 answers
  • The predictability of an association between a conditioned stimulus (CS) and an unconditioned stimulus (US) facilitates an organ
    15·1 answer
  • Using this chart, you can conclude that in Australia's economy A) buyers and sellers determine what goods are made. B) private p
    5·1 answer
  • Describe the stages in Maslow’s hierarchy of needs, and what each includes.
    15·1 answer
  • How did the geography and climate of South Asia affect the development of the Indus River Valley? Use at least 3 examples in you
    12·1 answer
  • Pls help you get 11 points if you help....
    10·2 answers
  • What can we conclude about similarities and differences in short-term and long-term memory based on the way coding occurs in bot
    12·1 answer
  • How does dual federalism impact state and federal law
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!