Answer:
The three most important factors in profit for your business is demand, viability, and profit margin.
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Explanation:
Answer:
culture of poverty
Explanation:
Culture of poverty -
The term was coined , by the anthropologist Oscar Lewis .
According to this concept , the people undergoing the phase of poverty , plays a wide role for maintaining the cycle of poverty all across the various generations, is referred to as culture of poverty.
Hence, from the given statement of the question, the correct term for the given information of the question is culture of poverty.
Answer:
<em><u>Boy </u></em>code
Explanation:
The Boy Code is <em>a collection of generally non-verbal rules and boundaries that tend to characterize boyhood and masculinity in America, according to William Pollack, PhD, author of Real Boys.</em>
The Boy Code's four foundational pillars are:
- <em>The Sturdy Oak </em>- Men and Boys must not be frail. No weeping, whimpering or hurt gestures allowed.
- <em>Give ‘Em Hell</em> - Boys are considered to be extremely active risk-takers who are physically violent. Boys often learn quickly that most of their poor behavior will be brushed off as "boys will be boys."
- <em>The Big Wheel</em> - Rank and superiority are vital; it's important to try to get to the top of the rankings, regardless of the cost. There's no embarrassment.
- <em>No Sissy Stuff</em> - Feelings are the women's domain, according to the Law. Especially feelings of tenderness.
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
The economic term is the opportunity cost.
The concept of opportunity cost is a relatively inexpensive and relative measure that involves people's preferences, so it varies from person to person. It is a question of comparing what is left over when making a decision.
In Katie's case, the opportunity cost of the money she saves to buy a car is what she fails to do with that money. For example, she stops investing in stocks, fails to make a trip, etc.
All decisions involve an opportunity cost. Taking another example, the opportunity cost of studying for the test at the end of the week is measured by the loss of leisure you would have. However, the decision to study for the test is chosen because it is more valuable.
