The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. hope this helps
www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-2-factors-of-production listen to this for more help
Answer:
False
Explanation:
Egypt:Friends and relatives tend to kiss on both cheeks while shaking hands. Greetings between men and women: A handshake may be acceptable in certain circumstances and the woman must extend her hand first. If she does not, a man should bow his head as a sign of acknowledgement.
Japan:In Japan, people greet each other by bowing. A bow can ranges from a small nod of the head to a deep bend at the waist. A deeper, longer bow indicates respect and conversely a small nod with the head is casual and informal.
Answer:the decline in confidence in financial institutions
Explanation:
When there are financial crisis people never really know what is going to happen with financial institutions, they may shut down improperly and people may lose a lot of money and find themselves hustling lawsuit trying to get it back , only to find that financial institutions are bankrupt and can't refund them so there is always that fear and people will choose to take their money out.
