Answer:
the resources used to create output.
Explanation:
Factors of production are the resources used to create output.
They include :
Land : land is all natural resources used in the production process.
Capital - Capital includes all man made resources used in the production process
Labor : all human effort expended in the production process
Entrepreneurship : organizes all other factors of production
Learn how to spell 'what' and 'Plus'
Canada is by tar the most popular target for american franchisors seeking to establish franchises in other countries. Canada is a great market for franchisors because it's close/easy to travel to. They have a large market and are similar to the U.S. with their expansion and growth as an economy.
<span>That is very true. They are the best people to manage the business since they started it and should know exactly how it needs to be run. If they don't know then their business will more than likely fail for poor management. They may hire other managers but they should always be the decision makers</span>
Answer:
the value that should be saved is $4,001.82
Explanation:
The computation of the amount that should be saved at the year end of 5 years in that case where the rate of interest is 4.5% is shown below:
Value in 5 years is
= (1 + rate) × Annual Payment × [{(1 + rate)number of years - 1} ÷ rate]
= (1 + 0.045) × $700 × [{(1 + 0.045)^5 - 1} ÷ 0.045]
= $731.50 × [0.2462 ÷ 0.045]
= $731.50 *×5.4707
= $4,001.82
Hence, the value that should be saved is $4,001.82
