tkamau176
Answered

Westonci.ca is the best place to get answers to your questions, provided by a community of experienced and knowledgeable experts. Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Name the factors which of the following resources relate to :
RESOURCE FACTOR
1.Computer
2.Personal secretary
3.Raw materials
4.Laboratory equipment
5.The administration block

Sagot :

Answer:

1. Computer; Capital

2. Personal secretary; Labor

3. Laboratory equipment; Capital

4. The administrative block; Capital

Explanation:

The factors of production includes;

a. Land; Which comprises of the natural resources

b. Labor; Physical and mental human resources

c. Capital; Encompasses resource which are manmade, including equipment and  buildings

d. Enterprise; The act of or the combination of the other three factors of production

Therefore;

1. Computer; The computer is a manmade resource and is therefore a capital resource

2. Personal secretary; A personal secretary contribute mainly mentally to the production of goods and services and is therefore a labor resource

3. Laboratory equipment; The laboratory equipment being manmade is a capital resource

4. The administrative block; An administrative block is a building and is therefore a capital resource.

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.