A factor of production which includes the effort or work provided by people.
Land
Labour
Capital
Enterprise
Production that uses a high proportion of capital compared with labour.
Capital intensive production
Labour intensive production
Machinery intensive production
Human intensive production
In more industrialized economies, labour intensive production tends to be.
More expensive
Less expensive
Reasonable
Unavailable
Which of the following include charities and voluntary organisation?
Private enterprises
Public enterprises
Non profit making organisation
Micro enterprises
Production that uses a high proportion of labour compared with machinery and equipment is called
Which of the following influence the way in which we satisfy our needs?
Wants
Demand
Effective demand
Supply
Self employed traders falls under which of the following category?
Non governmental organisations
Business owned and run by the government.
Small scale enterprises
A source or supply from which an organization gains profit.
Resource
Material
Goods
Services
A factor of production which includes items used in the production of goods and services that are made by people, including buildings, machinery, equipment, the finance needed to purchase these etc.