Utility - Satisfaction!, Marginial - Additional!, Allocate - Distribute!, Shortages - Occur when producers will not or cannot offer goods or services at current prices. Shortages are temporary., Price - Amount buyer (or consumer) pays., Cost - Amount seller pays to produce a good., Investment - The money spent by BUSINESSES to improve their production., Goods - Physical objects that satisfy needs and wants., Consumers Goods - Created for direct consumption (example: pizza)., Capital Goods - Created for indirect consumption (oven, blenders, knives, etc.)., Services - Actions or activities that one person performs for another (teaching, cleaning, cooking)., Land - All natural resources that are used to produce goods and services. Anything that comes from "mother nature." (Water, Sun, Plants, Oil, Trees, Stone, Animals, etc.)., Labor - Any effort a person devotes to a task for which that person is paid. (manual laborers, lawyers, doctors, teachers, waiters, etc.)., Physical Capital - Any human-made resource that is used to create other goods and services (tools, tractors, machinery, buildings, factories, etc.), Human Capital - Any skills or knowledge gained by a worker through education and experience (college degrees, vocational training, etc.), Entrepreneurship - Ambitious leaders that combine the other factors of production to create goods and services. Examples-Henry Ford, Bill Gates, Inventors, Store Owners, etc.,
0%
Economics: Factors Of Production!
Chia sẻ
bởi
Voxhistoricus
Economics
Chỉnh sửa nội dung
Nhúng
Nhiều hơn
Tập
Bảng xếp hạng
Thẻ thông tin
là một mẫu kết thúc mở. Mẫu này không tạo điểm số cho bảng xếp hạng.
Yêu cầu đăng nhập
Phong cách trực quan
Phông chữ
Yêu cầu đăng ký
Tùy chọn
Chuyển đổi mẫu
Hiển thị tất cả
Nhiều định dạng khác sẽ xuất hiện khi bạn phát hoạt động.
Mở kết quả
Sao chép liên kết
Mã QR
Xóa
Bạn có muốn khôi phục tự động lưu:
không?