Factors Of Production
Akopọ
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.
Awọn Afojusun
- 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
Akọ̀wé Ẹ̀kọ́
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
Ìdánwò Ẹ̀kọ́
Oriire fun ipari ẹkọ lori Factors Of Production. Ni bayi ti o ti ṣawari naa awọn imọran bọtini ati awọn imọran, o to akoko lati fi imọ rẹ si idanwo. Ẹka yii nfunni ni ọpọlọpọ awọn adaṣe awọn ibeere ti a ṣe lati fun oye rẹ lokun ati ṣe iranlọwọ fun ọ lati ṣe iwọn oye ohun elo naa.
Iwọ yoo pade adalu awọn iru ibeere, pẹlu awọn ibeere olumulo pupọ, awọn ibeere idahun kukuru, ati awọn ibeere iwe kikọ. Gbogbo ibeere kọọkan ni a ṣe pẹlu iṣaro lati ṣe ayẹwo awọn ẹya oriṣiriṣi ti imọ rẹ ati awọn ogbon ironu pataki.
Lo ise abala yii gege bi anfaani lati mu oye re lori koko-ọrọ naa lagbara ati lati ṣe idanimọ eyikeyi agbegbe ti o le nilo afikun ikẹkọ. Maṣe jẹ ki awọn italaya eyikeyi ti o ba pade da ọ lójú; dipo, wo wọn gẹgẹ bi awọn anfaani fun idagbasoke ati ilọsiwaju.
- 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
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
O wa lori ohun elo Green Bridge
Gba ohun elo Green Bridge CBT sori foonu tabi kọmputa rẹ lati ri awọn akọsilẹ ẹkọ ni kikun, awọn ibeere adaṣe, ati diẹ sii.
Awọn Iwe Itọsọna Ti a Gba Nimọran
Ṣe Adaṣe Awọn Ibeere Idanwo Adaṣe
Ṣe o fẹ ṣe adaṣe awọn ibeere idanwo adaṣe nipa Factors Of Production? Ṣe igbasilẹ ohun elo Green Bridge CBT lati wọle si awọn ibeere idanwo adaṣe ati awọn ayẹwo adaṣe kikun fun koko-ọrọ yii.
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