How the 4 factors of pruduction fit together land,capital,labor,entreprenurship

Answers

Answer 1

Answer:

Explanation:

To understand the basic philosophy behind the four factors of production

Land - Labor - Capital - Entrepreneurship

Lets consider an example:

Someday, just finishing your college, you think of starting a pizza business and you start selling pizza's one day. You might end up making a Pizza brand like Pizza Hut.

Here, in this example, to start your pizza shop, you need a place or area, this is known as Land factor. When you start making pizza, you need someone to work in that shop, (or if you doing it by yourself too) there should be at least some human being doing it, this factor is referred as Labor. To start the pizza shop, you need to buy the equipment, taking a shop on rent, or buying it, renovation of the shop etc. All of these things need, of course, Money, which is referred as Capital here. The idea you going to start this business, the courage to make it, definitely makes you an Entrepreneur, in utilizing all other factors effectively and efficiently. Therefore, this is linkage between these four factors of production, and how they fit together.

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How do changes in the money supply affect people and businesses?

(please help! 80)

Answers

Increase in money supply will result to result to lower interest rates. These will encourage individuals and business to avail of loans since interest rates are low. However, proper computation must be made in order to determine the level of increase in money supply. Unchecked increase in money supply may result to inflation.

Decrease in money supply will result to higher interest rates. Higher interest rates will encourage individuals or businesses to deposit their money in the banks because their deposits will earned high interests.

4. Why are businesses reducing the number of management levels?

Answers

Because of the cost to manage.

Approximately what percentage of jobs in the United States require some type of post-secondary education?O 50 percent
O 60 percent
0 40 percent
O 30 percent

Answers

60 percent is the answer otherwise try 50

One feature common to states is _____A. a balanced budget requirement
B. an income tax
C.the same percentage of spending on Medicaid

Answers

One feature common to states is a balanced budget requirement.

What is a balanced budget?

A balanced budget is a budget in which revenues are equal to expenditures. A balanced budget occurs when your income is equal to or greater than your expenses. They are important because they help you minimize debt and live within your means. Many countries also use a balanced budget to help maintain a healthy economy and prevent their debt from growing too large. Thus, neither a budget deficit nor a budget surplus exists.

Therefore, (A) option is the correct answer.

To learn more about balanced budget, refer here :

brainly.com/question/22668048

#SPJ2

Answer:

The answer is A.a balanced budget requirement

Explanation:

Which strategy will help Jude sustain a competitive advantage by strengthening product distribution?A.
following the differentiation strategy
B.
following the cost focus strategy
C.
following the cost leadership strategy
D.
maintaining customer loyalty
E.
maintaining strong vendor relations

Answers

Answer:

i would say E correct me if i am wrong

Explanation:

Answer:

I can confirm E is correct

Explanation:

It's in the lesson plan that talks about 'strategies that improve your competitive advantage'. It took me awhile to find it, but I finally did. It was under the sections that bold terms and gives definitions.

Imagine you are a civil engineer designing a new bridge. What would be the best problem-solving strategy to use to start building your new bridge? Why?