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:
Taste culture refers to the preferences that person holds that are based on intellectual and aesthetic values that are dear to them. Essentially, it refers to people's tastes.
An example would be the tendency of young people to wear fashionable clothing. When people are grouped according to these aesthetic or intellectual preferences, they are being grouped by taste culture.
Explanation:
Individuals around the world are about 99.1% genetically identical
Answer:
I agree.
Explanation:
The rule of law is the concept that ensures that an individual has all their rights guaranteed by the State, which stipulates laws and guidelines in favor of citizens. However, the rule of law also plays an important role in regulating the country's governance. This is because the rule of law allows the power and decisions made by the governors of a region to be limited by the laws in force in that region.
In this case, the English had a strong influence on the construction of the rule of law, through the magma letter that limited the king's power and forced him to obey a set of rules and laws.
Answer:
For the Jews, this caused a problem. If God is good and if God created everything, then everything and everyone in the world should be good.
Explanation:
