Resources needed to provide goods or services are called factors of production
<h2>Further Explanation:
</h2><h3>Factors of reproduction </h3>
- Factors of reproduction 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
- Entrepreneurship
<h3>Land </h3>
- 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.
<h3>Labor </h3>
- 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.
<h3>Capital </h3>
- 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
<h3>Entrepreneurship </h3>
- 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
<h3>Learn more about
</h3>
Level: High school
Subject: Business
Topic: Factors of reproduction
Answer:
A) tests with a non-pathological focus
Explanation:
All tests mentioned above are not used to diagnose mental disability or any pathological disease. The test focused more to quantify a certain characteristic that makes up personality. Many of the psychological tests is controversial since personality is a complex things. Putting personality into few categories based on binary characteristic often make it inaccurate.
Many businesses want to use the tools to aid in hiring people that better suited for the job, but it's should not be intended that way. In spite of that, if used properly this test can help someone to know themself better.
Answer:
Explanation:
public-interest group. an organization that works for the best interests of the overall community rather than the narrower interests of one segment. lobbying. the process by which organized interests attempt to affect the decisions and actions of public officials. lobbyists.
