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
spin [16.1K]
4 years ago
3

A blank can be defined as whatever people use to create services and goods.

History
2 answers:
max2010maxim [7]4 years ago
8 0

A resource can be defined as whatever people use to create services and goods.

Resources or factors of production are needed to provide goods or services.

<h2>Further Explanation:</h2><h3>Factors of reproduction  </h3>
  • Factors of reproduction or resources 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 includ; Land, Labor, Capital and 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>
  • Factors of reproduction: brainly.com/question/9637316
  • Reward for factors of reproduction: brainly.com/question/9637316
  • Capital goods: brainly.com/question/11672036
  • Consumer goods: brainly.com/question/3227054

Level: High school  

Subject: Business  

Topic: Factors of reproduction

soldi70 [24.7K]4 years ago
6 0

The correct answer is: "resource or factor of production"

The resources or factors of production are the inputs in the economic activity. Tradionally, three different types are considered: land, labor and capital. These resources are transformed for the obtention of goods and services, which are commercialized in the markets, and bought by individuals to satisfy their needs and desires.

You might be interested in
Which of the following geographic regions is most politically diverse
sammy [17]

I forgot what regions is can you tell me?

8 0
3 years ago
What can a model T Ford tell us about life and events between the two world wars?<br> 1919-1939
jeyben [28]
<span>One of the major things that the model T Ford tells us about life and events between the two world wars in the US was that people were participating more in the market economy on a wider scale--since people with lower and average incomes were able to buy things like cars due to industrialization and streamlined production through the factory system. </span>
7 0
4 years ago
What was the main cause of the American revolution?
vivado [14]
The American Revolution was mainly cause by colonial opposition to the British attempt to place greater control over the colonies as well as to make them repay the crown for defending them during the French and Indian war.
4 0
3 years ago
Read 2 more answers
Three famous people from revolutionary times in America
Andrews [41]

Answer:

George Washington : father of the country, commander in chief of the continental army and first established president.

Alexander Hamilton : chief of staff for Washington and first secretary of treasury

Thomas Jefferson : the principal author of declaration of independence

7 0
3 years ago
What effect did the Treaty of Tordesillas have on Europe and exploration?
Sauron [17]

Answer:

The Treaty of Tordesillas was the commitment subscribed in the town of Tordesillas, located in the current province of Valladolid, Spain, on June 7, 1494, between the representatives of Isabella and Ferdinand, kings of Castile and Aragon, by one part, and those of King Juan II of Portugal, on the other, by virtue of which a division of the navigation and conquest zones of the Atlantic Ocean and the New World was established by a line located 370 leagues west of the islands of Cape Verde, in order to avoid conflict of interests between the Hispanic Monarchy and the Kingdom of Portugal. In practice this treaty guaranteed the Portuguese kingdom that the Spaniards would not interfere in their route of the Cape of Good Hope, and vice versa the first would not do so in the recently discovered Antilles.

7 0
4 years ago
Read 2 more answers
Other questions:
  • During World War II, the battle that turned the tide of war against Germany on the eastern front was the Battle of the Bulge. Ba
    13·2 answers
  • Why do you need a republic
    14·1 answer
  • How did Thomas Jefferson double the size of the nation during his
    12·1 answer
  • ATGES
    7·1 answer
  • Who did we (US) upset trying to get the canal started and why?
    10·1 answer
  • What was significant about Kate Chopin's works?
    9·1 answer
  • Can someone please help
    6·1 answer
  • What did the victims of the Black Plague fear even more than death?
    6·1 answer
  • In what ways are the clothing and equipment of Colonial and British soldiers different?
    5·1 answer
  • (q067) president eisenhower hailed the supreme court decision in brown v. board of education as a positive move toward a more eq
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!