macroeconomics

posted by .

Describe the four factors of production: land, labor, capital, and entrepreneurship. Pick a product with which you are familiar, and explain how these four factors of production were used to transform raw materials into the finished good that you enjoyed. What role did the cost of these resources play in the production of the good?

  • macroeconomics -

    Consider Caterpillar Company:

    (Broken Link Removed)

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economics

    what are the three main types of resources used for making,selling,and using goods and services?
  2. AP Economics

    Identify land, labor and capital as the three factors of production and give examples. I have explained about land. can someone please help me with labor and capital?
  3. Business-Ms. Sue

    Ms. Sue you know how yesterday you and I both worked on the natural resources, capitol, etc. Well I listed some things like cell phones etc. which were not connected with the production of an automobile. This is my assignment: List …
  4. econ - 2 ques

    on a circular flow diagram: If you buy a pair of shoes, does the purchase directly contribute to the arrows of a) spending and revenue OR b) spending and revenue AND goods and services bought and sold #2 After working a week at a nail …
  5. government

    This one i am stuck between A and B i need help. Which correctly lists the three factors of production in a capitalist economy?
  6. Finance

    The current market wage rate is $10, the rental rate of land is $1,000 per unit, and the rental rate of capital is $500. Production managers at a firm find that under their current allocation of factors of production, the marginal …
  7. U.S. Gov. & Economics

    Which correctly lists the three factors of production in a capitalist economy?
  8. Macroeconomics help!

    Consider the following simplified economy described by a Cobb-Douglas production function with three factors of production: “K” is physical capital (the number of machines), “L” is labor (the number of workers), and “H” …
  9. Economics

    Consider the following simplified economy described by a Cobb-Douglas production function with three factors of production: “K” is physical capital (the number of machines), “L” is labor (the number of workers), and “H” …
  10. Social studies

    How are capital resources used in production?

More Similar Questions