can someone give me a simple answer with an example
An economic or productive factor required to accomplish an activity, or as means to undertake an enterprise and achieve desired outcome. Three most basic resources are land, labor, and capital; other resources include energy, entrepreneurship, information, expertise, management, and time.
An economic or productive factor required to accomplish an activity, or as means to undertake an enterprise and achieve desired outcome. Three most basic resources are land, labor, and capital; other resources include energy, entrepreneurship, information, expertise, management, and time.
What does enterprise mean? What does Capital mean? What does economic mean?bwhat does expertise and entrepreneurship mean ?? I'm really stupid
What does enterprise mean? What does Capital mean? What does economic mean?bwhat does expertise and entrepreneurship mean ?? I'm really stupid
Enterprise is like the idea of the business e.g.- tourism. Capital is the finance or machinery of the business. Economic factors are land, labour and capital. Expertise means specialisation in a certain area. Entrepreneurship is the risk taking ability and the ability to organise factors of production.
Enterprise is like the idea of the business e.g.- tourism. Capital is the finance or machinery of the business. Economic factors are land, labour and capital. Expertise means specialisation in a certain area. Entrepreneurship is the risk taking ability and the ability to organise factors of production.
Thank you. Do you mind defining at least some of these in the same way: Production Labour Tax Interest Profit Trade credit Manufacturer Consumer Services (in business ) Bought in materials
Thank you. Do you mind defining at least some of these in the same way: Production Labour Tax Interest Profit Trade credit Manufacturer Consumer Services (in business ) Bought in materials
Labour is any mental or physical effort pit in the business by somebody. Production is the number of units produced. Profit is the revenue less costs made by the business. Consumer is the buyer. Trade credit is buying goods but paying for them on a later date.
Labour is any mental or physical effort pit in the business by somebody. Production is the number of units produced. Profit is the revenue less costs made by the business. Consumer is the buyer. Trade credit is buying goods but paying for them on a later date.
What's revenue and a unit? Also,what's an example of Labour?
What's revenue and a unit? Also,what's an example of Labour?
Revenue is the amount of money made by a business by selling products. A unit is one piece of good (product). Labour e.g.- managers, road sweepers, clerks any human helping the business comes under labour
Revenue is the amount of money made by a business by selling products. A unit is one piece of good (product). Labour e.g.- managers, road sweepers, clerks any human helping the business comes under labour