Rohan Lal has a large rhombus shaped field which he uses for agricultural activities. The diagonals of the field are 1200 m and 1000 m long. He has many farmers who work very hard on his field. Once Rohan Lal came to know that one of his farmers has met with an accident and was seriously injured. He immediately went to see him and took complete responsibility for his medical expenses and provided him the best medical facilities available there, due to which the farmer recovered very soon. What is the area of his field? What value is being depicted by Rohan Lal?
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Answer:
Rohan Lal has a large rhombus shaped field which he uses for agricultural activities. The diagonals of the field are 1200 m and 1000 m long. He has many farmers who work very hard on his field. Once Rohan Lal came to know that one of his farmers has met with an accident and was seriously injured. He immediately went to see him and took complete responsibility for his medical expenses and provided him the best medical facilities available there, due to which the farmer recovered very soon. What is the area of his field? What value is being depicted by Rohan Lal?
'PLEASE DON'T SPAM IT'S VERY MUCH ARGENT
Answer:
The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. Land resources are the raw materials in the production process. These resources can be renewable, such as forests, or nonrenewable such as oil or natural gas. The income that resource owners earn in return for land resources is called rent.
The second factor of production is labor. Labor is the effort that people contribute to the production of goods and services. Labor resources include the work done by the waiter who brings your food at a local restaurant as well as the engineer who designed the bus that transports you to school. It includes an artist's creation of a painting as well as the work of the pilot flying the airplane overhead. If you have ever been paid for a job, you have contributed labor resources to the production of goods or services. The income earned by labor resources is called wages and is the largest source of income for most people.
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