What are the 4 productive resources?
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.
What is a labor resource?
A labor resource most often entails some degree of human effort in the production process, such as with a single individual or a team of workers. In other words, labor resources involve the mental and physical contributions of an employee towards the production of goods.
What are the 4 factors of production and examples?
The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic …
What are the four factors of production mention their rewards?
When factors are used they earn a reward called a factor ‘income’. Factor incomes are: rent, wages, interest and profit. In basic economic theory, the more scarce and essential the factor the greater the reward.
What are the factors of 12?
The factors of 12 are 1, 2, 3, 4, 6, and 12, because each of those divides 12 without leaving a remainder (or, alternatively, each of those is a counting number that can be multiplied by another counting number to make 12).
What are the highest factors of 12?
The factors of 12 are : 1, 2, 3, 4, 6, 12. The factors of 15 are : 1, 3, 5, 15. 1 and 3 are the only common factors (numbers which are factors of both 12 and 15). Therefore, the highest common factor of 12 and 15 is 3.
What are the odd factors of 12?
Example: All the factors of 12 So 1, 2, 3, 4, 6 and 12 are factors of 12.
What is the highest prime factor of 12?
Again, all the prime numbers you used to divide above are the Prime Factors of 12. Thus, the Prime Factors of 12 are: 2, 2, 3.
What’s the largest prime factor of 12?
There are overall 6 factors of 12 among which 12 is the biggest factor and its positive factors are 1, 2, 3, 4, 6 and 12. The sum of all factors of 12 is 28. Its Prime Factors are 1, 2, 3, 4, 6, 12 and (1, 12), (2, 6) and (3, 4) are Pair Factors.
What is a multiple and factor of 12?
The multiples of 12 are 12, 36, 48, 60, 72, 84, 96, etc. The factors of 12 are 1, 2, 3, 4, 6 and 12.
What is the HCF of 16 and 24?
8
What is the 7th multiple of 12?
The first 7 multiples of 12 are: 0, 12, 24, 36, 48, 60, 72.
How many pairs of 12 are there?
If order matters and we replace, then there are 12 symbols available for a first choice, 12 for a second choice, and therefore 12*12=144 pairs available.
What are the factors of 14?
Factors of 14
- Factors of 14: 1, 2, 7 and 14.
- Negative Factors of 14: -1, -2, -7 and -14.
- Prime Factors of 14: 2, 7.
- Prime Factorization of 14: 2 × 7 = 2 × 7.
- Sum of Factors of 14: 24.