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Aug 21 2008, 4:01 AM EDT
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Change: only if there are still people, as there can be no limitation to the imagination that the human mind can comprehend and put into physical
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Aug 30 2007, 9:00 AM EDT
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Change: just sit there without any purpose. Entrepeneurs are risk takers because they will not necessarily profit. If the good or service of the entrepeneur fails, they lose all their invested funds and the funds of the associates and stockholders. If they succeed, they profit.
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(Word count: 377)
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Aug 29 2007, 9:42 AM EDT
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Change: scarescarce amounts of resources which need to be allocated as efficiently as possible, to as many people as possible. These resources are divided into four main categories, or factors of production. Land: includes all natural resources which are used to make a product(i.e. minerals,
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(Word count: 339)
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Aug 28 2007, 7:07 AM EDT
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Change: an infinite resource only if there are still people, as there can be no limitation to the imagination that the human mind can comprehend and put into physical form. Entrepreneurial ability is the brain of all resources, without this, all other resources would just sit there without any purpose.
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(Word count: 339)
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Aug 27 2007, 8:34 AM EDT
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Change: Labor can be increased through a growth in population and immigration into that country. Capital: manufactured devices or tools used that help produce another good (e.g. machinery, storage, transportation and distribution facilities). Capital goods are different from consumer goods because consumer products directly
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Aug 23 2007, 8:45 AM EDT
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Change: which are used to make a product(i.e. minerals, petroleum deposists, arable land, forests, water resources). Such resources of the Earth are limited. Labor: physical and mental workforce used to provide services or goods (e.g. in a school: teachers, principle, substitutes, even janitors). Labor
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Aug 20 2007, 6:48 AM EDT
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Change: as well; the number of tools that can be used to help produce other goods or services is not infinitely accessible. Investment: purchase of capital goods **Money is not a capital good because it does not produce anything. It merely purchases goods, and is hence not considered a resource.
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Aug 19 2007, 1:31 AM EDT
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Change: enterprise, and shoulders the consequence of all decisions (e.g. the potential for losses on the part of not only the entrepreneur, but also associates and colleagues). They are the creative minds behind new products, techniques and forms of business organization.
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Aug 19 2007, 12:20 AM EDT
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Change: Society has limited, or scare amounts of resources which need to be allocated as efficiently as possible, to as many people as possible. These resources are divided into four main categories, or factors of production. Land:Land: includes all natural resources (minerals,(i.e. petroleum,minerals, diamond) petroleum
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Aug 18 2007, 4:18 AM EDT
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Change: school: teachers, principle, substitutes) Capital: manufactured devices that help produce another good (machinery) Investment Investment: purchase of capital goods **Money is not a capital Entrepreneurial AbilityAbility: manage the use of resources, set the course of an enterprise, and shoulder the consequence of all decisions
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(Word count: 60)
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Aug 13 2007, 10:23 PM EDT
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Change: Scarce Resources:Land:Labor:Capital:InvestmentEntrepreneurial Ability
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Aug 13 2007, 10:22 PM EDT
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Change: Created by Aug 13 2007, 10:22 PM EDT for: no reason given
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