What is any human made resource that is used to create other goods and or services?
What is any human made resource that is used to create other goods and or services?
Capital- any human made resource that is used to produce other goods and services.
Which of the following is an example of human capital?
Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.
What are the resources used to make goods and services?
In economics, factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
How many watermelons and shoes are produced?
Example: On the vertical axis, the fictional country Capeland could produce 15 million pairs of shoes if it used all of its resources. On the horizontal axis watermelons are represented. Graph B, could produce 21 million tons of watermelon….
| shoes | watermelon | |
|---|---|---|
| E | 2 | 20 |
| F | 0 | 21 |
What is the name of any human-made resources?
Examples of man-made resources are- plastic, paper, soda, sheet metal, rubber and brass.
Which of the following refers to man-made goods such as tools which are used to produce other goods?
Physical capital refers to man-made goods, such as tools, which are used to produce other goods.
How do you build human capital?
Here are five ways that you can increase the human capital in your organization:
- Improve education for your workforce. A highly educated workforce will be capable of achieving more.
- Provide a work culture that encourages creativity.
- Divide labor into specialized niches.
- Hire a diverse workforce.
- Provide ongoing coaching.
What is the name of any human made resources?
Why is it important to pair technology in education and training?
Why is it important to pair advances in technology with education and training? Because they are directly related, which could lead to bigger advancements in both.
What type of analysis examines the costs and expected benefits of a choice?
A cost-benefit analysis (CBA) is the process used to measure the benefits of a decision or taking action minus the costs associated with taking that action. A CBA involves measurable financial metrics such as revenue earned or costs saved as a result of the decision to pursue a project.
What are man-made things give examples?
Answer: Man-made things are the materials that are created by humans. Examples are rubber, paper, plastic, furniture, and clothes.
