how is this related to social studies.....
Answer:
False
Explanation:
You can have unpaid balance prior to you stopping transactions. If you don't pay them off immediately, interest will grow each month depending on your unpaid balance.
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 correct answer to this open question is the following.
Although there are no options attached we can say the following.
Young people find the transition between school and university challenging because the change is in some cases extreme to what they were used to when studying at high school.
When they were in high school, it could have been a public school and the parents did not need too much money to invest in the young student education. The workload in high school is different from the work, dedication, and study time you need in college. And at the end, that transformation from the high school environment to the college environment represents a difficult burden for youngsters and are causes students to drop-out of the university.
There are other important reasons why students drop from college. Many times students attend colleges that are far away from home and students end up missing the family and their friends. Another reason is the financial situation of the student. If the family does not have the money to pay for school, then the student has to ask for any type of financial aid that has to later pay with interest. There are some government or state programs that can help, but not all students get a chance to get public aid. So tuition, dormitory or the rent for a department, books, meals, transportation, and more. Most of the time the student has to get a part-time job to make ends meet. And after all of these, he/she has to commit to studying and having good grades.
<span>Money is used as medium of exchange in the form of goods or item. When the farmer man traded the five cows so, that five cow will be durable to him. The cow can become his source of his income by the work done by the cattels. so the cows durability is more. Once the cow life sheds then he can make profit of it also. So, durabilty makes a major role in the characteristic of money.</span>
