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:
Goal displacement
Explanation:
Goal Displacement is a situation in which the original goals of the organization are superseded by the new goals which are developed during the course of time. Goal displacement can happen because of many reasons and at many levels, with the only objective of ensuring the growth and prosperity of the company.
Organizations develop initial goals to be achieved and for achieving them some methods and rules are devised and followed. But during the course of time, these rules and procedures may become primary and more important than the original goals. The new goals may serve the interest of the employees or the management of the organization. This is an inevitable threat organizations face.
In cases where the organization's original goals are already achieved or when the original goals are no longer necessary, goal displacement has positive effects which help to organization to direct its energy elsewhere.
Answer:
Article 1
Explanation:
the branches are all provided in artcle 1 aout there powers and rights
Nobody particular kind of treatment will essentially be the best. You have to consider your own particular inclinations and qualities and discover a specialist with whom you feel great.
I hope the answer will help you. Feel free to ask more.
Answer:
Goats
Explanation:
The ancient Egypt was a country many people knew to have lots of natural resources at their disposal but they could not attain a certain degree of self-sufficiency and they had to rely on trade for them to get the goods and luxuries they required.
Because of trade, they created land and sea trade routes that connected their country, Egypt, with countries like India, Arabia and Sub-Saharan Africa. The Egyptians imported goats and sheep from Southwest Asia.
