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borishaifa [10]
2 years ago
6

Explain the relationship between the factors of production and how that creates a

Business
1 answer:
Degger [83]2 years ago
7 0

Answer:

Natural resources (land)

Labor  (human capital)

Capital (machinery, factories, equipment)

Entrepreneurship

Explanation:

nature is the first key of success like having a land to start up

labor is the teamwork needed support between all ( all for one, one for all)

capital is needed just like food, no money no business

Entrepreneurship: it depends on what is the idea of business you want, and how it really help the community  

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Roundwell motors purchases a manufacturing plant for​ $15 million, pays​ $5 million in cash as down​ payment, and borrows the re
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A mortgage is the resource available to home providence to recover the loan. 

A mortgage is defined as a legal agree between a bank/creditor with a a person or business. They lend money with an interest rate in exchange for having full ownership of the persons title (house/business building) if the person does not pay. 
7 0
3 years ago
now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to th
alisha [4.7K]

now suppose that the government immediately pursues an accommodative policy by increasing government purchases in response to the short run economic impact of the higher oil prices <u>The output will be $billion and the price level will increase.</u>

<h3>What is accommodative policy?</h3>

When a central bank (like the Federal Reserve) tries to increase the general money supply to support the economy when growth is stalling, this is known as accommodating monetary policy, often known as loose credit or easy monetary policy (as measured by GDP). The goal of the policy is to allow the money supply to increase in step with both the demand for money and national revenue.

  • The expansion of the money supply by central banks to stimulate the economy is known as accommodating monetary policy.
  • The Federal funds rate has been decreased as part of monetary policies that are deemed accommodating.
  • The goals of these policies are to lower the cost of borrowing money and boost consumer spending.

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4 0
1 year ago
During the past 1000 years, the income per person of the world has
Mamont248 [21]

Answer: Has increased.

Explanation: Income per person has increased over the years because the cost of living and expenses have also increased. As the cost of items go up, income increases to help consumers be able to afford living and purchasing goods and services.

5 0
2 years ago
When a country can produce a product more cheaply than its trading partners, it is known as __________?
Mashutka [201]
When a country can produce a product more cheaply than its trading partners, it is known as: <span>comparative advantage
For example, United States often imported exotic fruits from Brazil. Since Brazil is a tropical country, the cost in producing exotic fruits will be significantly lower compared to growing it in the United States. Therefore, we can say that brazil has a comparative advantage in this product compared to united states.</span>
7 0
2 years ago
Harry owes the bank money. To repay his debt, he paid \$150$150dollar sign, 150 back to the bank each month. After 101010 months
Firdavs [7]

Answer: $8,400

Explanation:

Given the following:

Amount repaid each month = $150

Number of Periods for which amount was paid = 10 months

Amount left after 10 months payment = $6900

Harry's original debt=?

The total amount paid = $150 × 10 = $1500

Amount left = $6900

Total debt amount:

(Total Amount left + total amount paid )

$(6900 + 1500)

=$8400

7 0
3 years ago
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