Communism leads to slow economic growth, lack of motivation and less competition between the entrepreneurs.
<h3>What is Communism?</h3>
Communism is the economic theory derived by the Karl Marx which is based upon the class less society in which everyone is equal. It says that the means of the production is owned by the government.
The disadvantages of the communism is that government will be holding the property that means there will be no or less competition between the entrepreneurs. It will lack the free of speech.
The economic growth of the country will slow down leading to the political repression. The countries that followed the approach of the communism is Russia and China.
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I would say the compass because it helped them navigate, it also made traveling and exploring faster.
Resources needed to provide goods or services are called factors of production
<h2>Further Explanation:
</h2><h3>Factors of reproduction </h3>
- Factors of reproduction 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 include;
- Land
- Labor
- Capital
- 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>
Level: High school
Subject: Business
Topic: Factors of reproduction
Answer:
When Jesus told Nicodemus that he needed to be born again he meant that he needed to be cleansed of sin. In other words he needed to ask for forgiveness so all of his sins would be washed away.
Explanation:
Answer:
went from high signal/low noise to low signal/high noise
Explanation:
When Christina and DeAnna were having a conversation they could hear each other properly. This means that the messages are being sent and received by both of them. The signal is high here and the noise is low.
Noise is something that hinders the message being sent and received between send and receiver.
When the band started playing the noise increased and they needed to shout in order for the messages to be sent and received.
Hence, the signal-to-noise ratio in this situation first was high then became low.
