What are the factors of production and their prices?
What will be an ideal response?
The factors of production and their prices are: labor, which is paid a wage rate for labor services; capital, which is paid a rental rate for capital services; land, which is paid a rental rate for land services; and entrepreneurship, which receives a profit or bears a loss that results from business decisions.
Economics
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Name the problems government faces in directing and managing the economy
Please provide the best answer for the statement.
Economics
From 2010 to 2020, it is expected that there will be a fall in demand for:
A. Postal service workers B. Biomedical engineers C. Financial examiners D. Masonry helpers
Economics