Answer:
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.
Economics is a social science concerned with the production, distribution, and consumption of goods and services. It studies how individuals, businesses, governments, and nations make choices about how to allocate resources.
In a mixed economic system, most economic decisions are made by consumers or sellers, but some economic decisions are made by the government, such as those dealing with safety regulations, infrastructure (e.g., roads), education, military spending, and certification and business licensing.
Money helps to facilitate trade. Money is a medium exchange because buyers and sellers agree to its common value. Money can lose its value during periods of hyperinflation, when too much money is dumped into an economy.
Explanation:
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The people of Britain<span> by the city of Oslo</span>
The Nile River enabled Egypt to flourish by providing Egypt with access to fertile soil, fishing, transportation routes, and also a source of power. The Nile and especially the Nile Delta was a very fertile region that allowed for Egyptian society to flourish and advance.
Painting of Sistine chapel, Mona Lisa, and writing of prince. A “Renaissance man” is a well rounded gentleman who could engage in elegant conversations while still being skilled (he’s skilled in art- shown in Mona Lisa and in righting writing- shown in Writing of Prince) while still being a “tough guy”. He could Cary conversations about art and literature. Most Renaissance men like Da Vinci were religious (he was Catholic- had a catholic funeral) also shown through painting of Sistine chapel. Painting the chapel showed off his art skills as well as his dedication to Catholicism.
We have restricted the range of the variables, is most likely the reason responsible for this result
A restricted range is a compacted or shorter range of values. Correlations are influenced by limited ranges. The correlation coefficient actually decreases as the range is constrained, which is a strange phenomena. as an illustration The connection between waist measurement and BMI was found to be quite strong (r = 0.85) in a study of diabetes patients.
For various narrow ranges, the correlation, however, varied. The association coefficient was 0.86 when the BMI range was limited to those over 35. Almost little association was found for BMIs between 30 and 35. (-0.09). However, the correlation coefficient tended to decrease over time over constrained ranges.
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