Question

state two reasons for increase in quality of resource
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Answer 1

Answer:

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Explanation:

1. Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
2. Firms use some combination of labor and capital to produce output. ... In order to increase productivity, each worker must be able to produce more output. This is referred to as labor productivity growth. The only way for this to occur is through an in increase in the capital utilized in the production process

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Answer 2

Answer:

Firms use some combination of labor and capital to produce output. ... In order to increase productivity, each worker must be able to produce more output. This is referred to as labor productivity growth. The only way for this to occur is through an in increase in the capital utilized in the production process.

Resources are important for the development of any country. For example, to generate energy, one need fossil fuels; and for industrial development, we require mineral resources. ... Irrational consumption and over utilisation of natural resources has led to socio-economic and environmental problems.

Explanation:

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