6. Match each one of the types of flow with its example:
1. Consumer spending
Y
Y
2. Goods and services
3. Factors of production
4. Cost of production
a. Rent paid for store space
b. Teenager working for clothes store
c. Teenager buying a cheeseburger
d. Pair of jeans

Question

07-07-2022
Biology

Answered

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6. Match each one of the types of flow with its example:
1. Consumer spending
Y
Y
2. Goods and services
3. Factors of production
4. Cost of production
a. Rent paid for store space
b. Teenager working for clothes store
c. Teenager buying a cheeseburger
d. Pair of jeans

Sagot :

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lheduardomarques lheduardomarques · Answer 1 · 2022-07-12T12:55:03-04:00

We combine each of the flow types with their example:

1. Consumer spending - c. Teenager buying a cheeseburger

2. Goods and Services - d. Pair of pants

3. Factors of production - b. Teenager working for clothing store

4. Production cost- A. Rent paid for the store space

What are factors of production and what are they used for?

Factors of production are the goods needed to produce a given final product. They are the elements that make production possible. Classically, economic theory considers three factors of production:

capital (usually represented by K)
labor (L)
and natural resources or land (T).

With this information, we can conclude that Material goods Are those that, as the name implies, are material and tangible.

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Sagot :

What are factors of production and what are they used for?

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