Answer and Explanation:
Factors of production are resources or inputs put into the production of goods and services. There are four factors of production. They are: land, labour, capital and entrepreneurship
Land is considered a non depreciablle factor of production. It refers to all natural resources or gifts of nature and income from it is called rent.
Labour is human capital or input in production example workers in a factory
Capital is man made goods utilized to produce other goods
Entrepreneurship/entrepreneur is the factor of production that organizes the other factors of production and carries the economic risk
From the example, the factors of production include:
The forest with all the wood which falls under land factor of production.
Bill who falls under labour factor of production
His father's chainsaw which falls under capital factor of production
Bill's idea to use logs of wood for Christmas tree business constitutes entrepreneurship and Bill is also the entrepreneur here. This falls under the entrepreneurship factor of production
Answer and Explanation:
The metaphor in the given case or scenario is considerably poor but still tends to have an impact. But on the other side of this ugly prison door there lies wild rose bush, that is covered with the delicate buds on the respective June day. It is as if the Nature has taken pity or mercy and thus offered some of the beauty to criminals which are walking in order to serve their respective terms or are heading out in order to face the executions.
The most likely way would be: <span>walk a mental image of the path and describe it to you as he does it
In order to answer this question, the student would most likely tried to visualize his usual method to arrive at the dorm.
During this process, his brain practically repeat the same process that recorded after repeating the action over and over again.</span>
The answer is B. Ignore his I need 20 characters.
Answer:
Successful managers must be able to recognize oppourtunities and threats in their company external environment because if they miscalculate or underestimate the market and its conditions, a lot of opportunities would be lost.
Explanation:
A good manager should be able to dicipher opprtunity from threats so as to avoid lossing the former due to high competitive market. If not, customers would go for an alternative services or products.
