Backyard Landscaping Cost. Most backyards include a patio area and perhaps a lawn. But there are many parts to a backyard that can make it more personal and enjoyable. From a warm fireplace or fire pit, to a pool for cooling off, backyards are all unique and include many different elements.
Factors of Production. Definition: Factors of Production in economics are inputs that a business uses to produce a good or service. In other words, these are the building blocks or materials and supplies that businesses use to create goods and service in an effort to make a profit. Traditional economics breaks these materials into four factors of production:
î î î. Which of the following is a factor of production? In a production possibilities graph with just two products in an economy, the graph shows the quantity of: If the opportunity cost of producing extra units of one good (expressed in terms of the amount of another good that is sacrificed) remains constant, then the shape of the production ...