factors of production

What is Business capital?

• Business capital refers to the physical assets owned by a company.
• Business capital is the total number of employees in a company.
• Business capital is the marketing strategy used to promote products.
• Business capital is the financial resources used by a company to fund its operations and growth.

A person who starts their own business...

(a)  

To borrow means...

• To keep something permanently without permission.
• To lend something temporarily with no expectation of return.
• To take something without any intention of giving it back.
• To take something temporarily with the intention of returning it.

Unskilled labour is...

• Unskilled labour is work that involves complex technical skills.
• Unskilled labour is work that is exclusively performed by robots.
• Unskilled labour is work that requires advanced degrees.
• Unskilled labour is work that requires no specialized skills or training.

Workers with specialized knowledge or training who perform complex tasks fall under this labour category.

(a)  

Raw materials provided by nature that businesses use in production

(a)  

what is a natural resource?

• A natural resource is a man-made product used for decoration.
• A natural resource is a type of financial investment.
• A natural resource is a technology developed for energy production.
• A natural resource is a material or substance found in nature that can be used for economic benefit.

Which of the following is an example of fair business practices?

• Deceptive pricing strategies
• False claims in marketing
• Hidden fees in transactions
• Honesty in advertising and transparency in pricing.

which of the following is not an example of fair business practices toward employees?

• Ensuring regular performance reviews
• Providing employee training programs
• Not providing a safe working environment
• Offering competitive salaries

what is interest?

• Interest is a type of loan.
• Interest is the cost of borrowing or the return on savings.
• Interest is a government tax.
• Interest is the amount paid for insurance.