Factors Of Production
Gbogbo ọrọ náà
Every good and every service you have ever used, from a bowl of rice to a streamed film, was made by combining the same four basic resources. Economists call them the factors of production, and learning to spot them is the first real tool of economic thinking: it lets you take any business in the world apart and see exactly what it needs to run.
In this lesson you will define and give examples of land, labour, capital and enterprise, learn the reward each one earns, and understand why their quantity and quality keep changing over time. Master this and the rest of the course, from costs to growth to trade, slots neatly into place.
Ebumnobi
- definitions of factors of production: land, labour, capital and enterprise
- rewards to factors of production: rent, wages, interest and profit
- causes of changes in the quantity and quality of factors of production
Akọmọ Ojú-ẹkọ
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Ayẹwo Ẹkọ
Ekele diri gi maka imecha ihe karịrị na Factors Of Production. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Which of the following is an example of capital as a factor of production? A. a coal deposit B. a factory machine C. a shop worker D. money in a bank Answer: B
- What is the reward earned by the factor of production called enterprise? A. rent B. wages C. interest D. profit Answer: D
- A worker is willing to move to another city to take a new job. This is an example of: A. occupational mobility B. geographical mobility C. capital mobility D. factor immobility Answer: B
- Which change is most likely to increase the quality of labour in an economy? A. a fall in net migration B. improved education and training C. a higher minimum wage D. a severe drought Answer: B
- Which factor of production earns rent? A. land B. labour C. capital D. enterprise Answer: A
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Ọ dị na ngwa Green Bridge
Budata ngwa Green Bridge CBT na ekwentị maọbụ kọmputa gị iji nweta akwụkwọ ndụmọdụ zuru oke, ajụjụ mmụta, na ndị ọzọ.
Àwọn Ìwé Tó Dáa Láti Kà
Meecha Ajụjụ Ule Ọmarịcha
Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Factors Of Production? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.
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