Describe the Factors of Production Required to Deliver a Service

- April 16, 2022

1 They are the inputs needed for supply. Describe the factors of production required to deliver a service like education 4.

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Labor is the human effort that can be applied to the production of goods and services.

. This factor of production includes machinery tools equipment buildings and technology. Describe the factors of production required to deliver a service like education. Land itself and natural resources.

The four factors of production are land labor capital and entrepreneurship. Businesses must constantly upgrade their capital to maintain a competitive edge and operate efficiently. Describe the relationship between goods services and consumers.

The factors of production in an economy are its labor capital and natural resources. Waiter barber cashier Consumer is the person buying it. The four factors of production are natural resources capital human resources and entrepreneurship.

Determining these factors ensures efficient production and successful completion of projects and purchase orders. Describe the factors of production required to deliver a service like education. Goods are what youre getting.

Describe the factors of production required to deliver a service like education land. Why economics is considered a social science. More Capital Goods Definition.

Factors of production are the inputs needed for the creation of a good or service these include labor entrepreneurship and capital. Factors of production are the inputs needed for the creation of a good or service these include labor entrepreneurship and capital. In the last couple decades or so businesses have faced unprecedented technological change and have had to meet the demands of consumers whose lives increasingly take place.

Natural Resources include inputs that offer value in their natural state such as land fresh water wind and mineral deposits. School building computers financial capital. Teacher other workers publishers.

Food toys phones Services is a worker serving you. Most natural resources must be extracted purified or. Factors of production define resources used to produce or create finished goods and services the sale and purchase of which keeps the market economy afloat.

People who devise new products and methods of delivery of educational material. The four factors of production in economics include land capital labor and entrepreneurship or enterprise. People who are employed or would like to be are considered part of the labor available to the economy.

Primary secondary tertiary and non-formal education. Describe the factors of production required to deliver a service like education Answered by Guest You need to service each level of education - primarysecondarytertiary and non formal educationYou should have a budgetTo become a production service worker one may need a bachelor degree along with an internship experience. They produce all the goods and services in an economy measured by gross domestic product.

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