It means to laugh bitterly or sarcasticaly
<em>Answer: In economics, the law of increasing costs is a principle that states that to produce an increasing amount of a good a supplier must give up greater and greater amounts of another good. ... If the economy is at the maximum for all inputs, then the cost of each unit will be more expensive.</em>
Answer:It has been described that the Moon formed as a result of a confrontation between the Earth and another small planet the size of Mars. The wreckage from this impact managed to accumulate in an orbit around Earth, eventually forming the Moon.
Explanation:
True. The Soviets
were the first to send unmanned satellites then rockets that had animals in
it. The U.S. in response funded space
projects and gave additional support to NASA.
It also promoted scientific studies in school as part of their campaign
to gain supremacy in the space race.
Answer and Explanation:
Factors of production are resources or inputs put into the production of goods and services. There are four factors of production. They are: land, labour, capital and entrepreneurship
Land is considered a non depreciablle factor of production. It refers to all natural resources or gifts of nature and income from it is called rent.
Labour is human capital or input in production example workers in a factory
Capital is man made goods utilized to produce other goods
Entrepreneurship/entrepreneur is the factor of production that organizes the other factors of production and carries the economic risk
From the example, the factors of production include:
The forest with all the wood which falls under land factor of production.
Bill who falls under labour factor of production
His father's chainsaw which falls under capital factor of production
Bill's idea to use logs of wood for Christmas tree business constitutes entrepreneurship and Bill is also the entrepreneur here. This falls under the entrepreneurship factor of production
