define capital? what are types of production?
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The city or town that functions as a set of government and administrative centre of a country or region. There are four types of production.:-
1. Job type of production
2. Batch type of production
3. Flow production
4. Process production
1. Job type of production
2. Batch type of production
3. Flow production
4. Process production
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heya frnd
CAPITAL = Factors of production that are used to create goods or services nd are not themselves in the process
types are
1) financial production = is necessary in order to get a business off the ground. This type of capital comes from two sources: debt and equity. Debt capital refers to borrowed funds that must be repaid at a later date, usually with interest.
2) human production = is a much less tangible concept, but its contribution to a company's success is no less important. Human capital refers to the skills and abilities a company's employees bring to the operation.
3) social production = referring to the relationships people have to each other, and the desire they have to do things for and with others within their social networks. People tend to do things to help and encourage those in their same social network, creating a cycle of mutually beneficial reciprocity.
In business, a person with high social capital knows many influential people within his industry and may have more opportunities for advancement and development than someone whose social circle is small. People with high social capital may also have an easier time accomplishing things, both personally and professionally, because they can draw on the strengths and resources of others within their networks.
i hope it may help u
CAPITAL = Factors of production that are used to create goods or services nd are not themselves in the process
types are
1) financial production = is necessary in order to get a business off the ground. This type of capital comes from two sources: debt and equity. Debt capital refers to borrowed funds that must be repaid at a later date, usually with interest.
2) human production = is a much less tangible concept, but its contribution to a company's success is no less important. Human capital refers to the skills and abilities a company's employees bring to the operation.
3) social production = referring to the relationships people have to each other, and the desire they have to do things for and with others within their social networks. People tend to do things to help and encourage those in their same social network, creating a cycle of mutually beneficial reciprocity.
In business, a person with high social capital knows many influential people within his industry and may have more opportunities for advancement and development than someone whose social circle is small. People with high social capital may also have an easier time accomplishing things, both personally and professionally, because they can draw on the strengths and resources of others within their networks.
i hope it may help u
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