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Industrial machinery is an example of O physical capital O a factor of production that in the past was an output from the production process. O something that influences productivity. O All of the above are correct. Question 10 Which of the following best illustrates the human capital of a survivor stranded on an island? O the fresh fruit and fish on and around the island her previous training in a survival course O the fishing poles she has produced O the invention of a better fishing lure

Sagot :

Her preceding instruction in a preservation course best exemplifies the human resources of an island survivor.

What exactly do you mean by production?

The process of creating or production products and services from components or raw materials is known as production. In those other statements, production takes the input and transforms them into a consumable output - a good or product of value to the a finished or customer.

What are the three kinds of production?

Basic production systems are classified into three types: batch systems, continuous systems, and project systems. Overall hardware and methods are employed in the batch system to generate small amounts of outcome with specifications which vary greatly from batch to batch.

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