Factor of Production: Labour
Factor of Production: Labour
Labor refers to the people who are employed to perform business activity
Factor of Production: Labour
Labor refers to the people who are employed to perform business activity
What are the three Ps every society has to ask itself? What to produce How to produce Where to produce
What is scarcity? Scarcity is when the wants are unlimited and the resources and limited. This leads the person or the government to make a choice.
Factor of Production: Land Land refers to the natural resources and land used for a business activity