Question

Give the answer of these questions on your fair notebook

1. Give two example of the working capital ?

2. Name the four factor of production ?

3. Which are the different categories of physical capital ?

4. What is production? give an
example .​

Answer 1

1. raw materials required for production, intermediate goods, taxes, bills, etc..
2. the four factors of production land, labour, capital, technology or enterprise

4. production is a process of producing goods in a factory or any other place by using the four factors of production

Ex. car production ,food factory ,articles, finished goods ,etc..

3. is divided into 2 categories: working capital and fixed capital.

Answer 2

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1. Cash, inventory and accounts receivable are some examples
2. Land, labour, entrepreneur and capital
3. Circulating capital, human capital and financial capital
4. production is the process of making, harvesting or creating something or the amount of something that was made or harvested. an example of production is the creation of furniture

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