Renaissance<span> began in Italy during the 14th century and reached its height in the 15th. In the 16th and 17th centuries it spread to the rest of </span>Europe<span>.</span>
Usually, outsourcing is the processing of obtaining products from other areas that do not exist in the home area. For instance, companies outsource products when they realize the prices of outsourcing are cheaper compared to producing.
Therefore through productivity trade off, the company can manage the labor force through enough capital and other necessary equipment. The company can trade-off other inputs to increase its productivity
The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. hope this helps
www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-2-factors-of-production listen to this for more help
