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2 years ago

Three examples of capital as a factor of production, and explain how it is different from land?

2 answers:

4 0

<span>Capital as a factor of production is defined as the tangible products made by labor.
</span>Land as a factor of production means not just the surface of the earth, but everything in the universe that wasn't created by people. This includes all natural resources, such as air, water, plants, sunlight, rocks, and minerals.
Examples:
1) Clothes ( because you have to be clothed)
2) Milk ( you immediately want to consume it)
3) Wine ( grapes go in wine comes out)
You don't need to use the parenthesis I just wanted to explain to help you understand.

Liono4ka [1.6K]2 years ago

4 0

Answer and Explanation.

Production is a process of a process of bringing the raw materials together, work on them to come up with finished goods as the final product in order to make profit or with an aim of getting profit.

A factor of production is anything that is incurred in production of goods and services to facilitate the its production in order to to make profit.

capital factor of production is the is the amount in cash that many producers use to produce goods and services. Examples are use of computers,trucks to deliver goods and services ,forklifts e.t.c. they include all man made resources.

The difference between capital and land factors of production is that capital includes all man made resources while land factor includes all human resources.

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Example 31: S borrows 5,00,000 to buy a house. If he pays equal instalments for 20 years

Veronika [31]

Answer:

$58.729

Explanation:

To find the answer, we need to use the present value of an annuity formula.

The formula is:

P = X [(1 - (1 + i)^-n) / i ]

Where X is the annual instalment

P is the present value of the investment (500,000 in this case)(

i is the interest rate (10% in this case)

and n is the number of periods (20 years in this case)

We now plug the amounts into the formula:

500,000 = X [ (1 - (1 + 0.10)^-20) / 0.10 ]

500,000 = X [8.51356]

500,000 / 8.51356 = X

58,729 = X

So the value of the equal annual instalment will be $58.729

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3 years ago

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3 years ago

Marketing research indicates that almost 70 percent of all women drivers who have driven a Volkswagen Cabrio prefer it to any ot

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Answer:

Demographic

Explanation:

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A market segment consist of a group of customers that share a similar set of needs and wants.

Are four categories of segmentation:

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Answer:

FALSE.

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A tiger develops lockjaw and can no longer open its mouth. Which of the four life functions will not be able to perform? (it obv

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