Factor of Production: Land
Factor of Production: Land
Land refers to the natural resources and land used for a business activity
Factor of Production: Land
Land refers to the natural resources and land used for a 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: Labour Labor refers to the people who are employed to perform business activity
1 Comment
I can see your point there Jay, but for different reasons. In *MY* house, if I say &qtoH;uoney, I bought a new gun" the reply is usually "cool, that means I get to buy a new gun now too!". I'm one lucky bastard.