I am still not able to get this:
These are all factors of production: natural resources, human resource and, capital resources,
I have to give five examples of each that go into the production of an automobile.
Is there any sites that could help me with this? I really don't get it
I tried searching on the internet, but I don't understand at all.
Are there examples you could give me, so I can get a better idea of what it is I need?
Natural resources for an automobile:
petroleum (for plastics)
iron
rubber
coal (for fuel/heat)
water
Thank you very much Ms. Sue:)
Would electricity be a natural source as well?
Human resource~does this mean like industrial...?Accountants? Sales People?
Capital resources~Factory, vehicle, machine, printers, fax machines, cellphones.
Any other common ones I need to add?
Have I gotten any wrong?
Electricity is not a natural resource. It's produced by electric plants, fueled by petroleum or coal.
Human resources is right. Don't forget the assembly line workers, semi-truck drivers, management, administrative assistants.
Capital resources are also right.
Is it possible for companies both to maximize financial value for shareholders and to act responsibly in the communities in which they operate, to treat their employees, customers, and suppliers well, and to engage in activities that are good for the environment? In your response, please cite examples of companies that are doing so.
Yes, I can certainly help you with this! Understanding the factors of production and their examples is important in order to comprehend the production process of an automobile.
To start, let's briefly explain what each factor of production represents:
1. Natural resources: These are the materials that come from nature and are used in the production process. Examples include minerals, water, timber, and land.
2. Human resources: These refer to the people who contribute their skills and labor to the production process. It includes both physical and intellectual work. Examples include automobile engineers, assembly line workers, and managers.
3. Capital resources: This refers to the man-made tools, machinery, equipment, and infrastructure used in production. Examples include assembly line robots, welding machines, and factory buildings.
Now, to generate five examples for each factor of production specifically for the production of an automobile, you can consider the following:
Natural resources examples:
1. Steel: Used for manufacturing the car's frame and body.
2. Rubber: Utilized in making tires and various seals.
3. Petroleum: Used for fuel, lubricants, and plastics.
4. Glass: Used for the windshield and windows.
5. Copper: Used in electrical components like wiring and connectors.
Human resources examples:
1. Automobile engineers: Responsible for designing and developing the car.
2. Assembly line workers: Involved in the physical assembly of the vehicle.
3. Automotive designers: Contribute to the aesthetic aspects of the car.
4. Quality control inspectors: Ensure that the vehicle meets safety and quality standards.
5. Marketing and sales representatives: Promote and sell the automobile.
Capital resources examples:
1. Assembly line robots: Assist in automating the production process.
2. Welding machines: Used for joining metal parts together.
3. Manufacturing tools: Such as drills, saws, and grinders.
4. Painting booths: Utilized in applying the car's paint.
5. Factory buildings: Provide the infrastructure for automobile production.
For further assistance, you can utilize various online resources like educational websites, economics textbooks, or even academic journals that discuss factors of production and their examples in detail. Remember to search for keywords such as "factors of production," "examples of factors of production," or "production process of an automobile."
If you're still having trouble understanding, feel free to ask for clarification on any specific aspect, and I'll be happy to assist you further!