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- Production process, factors of production, market inputs, labor theory
In the production process, the type of input is needed depends on the ...
a. funds available
b. type of company
c. factor of entrepreneurship
d. type of output produced
e. means of production are used.
Factors of production required by the company obtained from ...
a. businessman
b. government
c. household
d. surrounding communities
e. communities abroad.
Input markets is due to the ...
a. production process
b. fulfillment
c. demand for factors of production
d. supply of an input
e. meeting between the demand and supply factor.
Money paid by the owners of capital over the use of land to the landowner called ...
a. wage
b. bonus
c. ground rent
d. compensation
e. capital interest.
High and low rental price of land depends on the nearby land with distant facilities. This was stated in theory ...
a. lay of the land
b. productivity
c. derivation of land prices
d. native soil fertility
e. differences in soil fertility.
The quality of labor is enhanced with ...
a. high wage
b. bonuses to employees
c. improve the welfare of employees
d. provide training to employees
e. stringent selection in recruitment.
Labor theory proposed by John Stuart Mill called the theory ...
a. iron wage
b. wage fund
c. wages ethics
d. natural wage
e. normal wages.
Everything that is used for the production of an item ...
a. capital
b. free
c. production
d. economy
e. consumption.
Venture capital can provide several benefits. This statement is explained by the theory of ...
a. agio
b. productivity
c. sacrifice
d. dynamic rate
e. liquidity preference.
The ability of a person to manage the factors of production is called ...
a. manager
b. businessman
c. owners of capital
d. business owners
e. entrepreneurship.