5.1 Factors of production Capital 5.1 Factors of production KE Y I DEA The four factors of production are land‚ labour‚ enterprise and capital. Land This means the land itself‚ and any natural resources that come with it. So oil‚ natural gas‚ bauxite‚ fertile soil‚ a pleasant climate and sandy beaches are all included in this factor of production. Every business uses some physical space – though‚ for example‚ a bank or small home-based business uses much less land than an agricultural
Premium Jamaica Capital
Question No. 1 P: 219 Explain the difference between short run and long run production function; cite one example of this difference in a business situation. The short run production function shows the maximum quantity of a good or service that can be produced by a set of inputs‚ assuming the amount of at least one of the inputs used remains unchanged. While a long run production function shows the maximum quantity of a good or service that can be produced by a set of inputs‚ assuming the
Free Economics Harshad number
Factors of Production There are two categories of factors of production: tangible resources including capital‚ land and natural resources; and non-tangible resources including labor‚ knowledge and entrepreneurship. In factor markets the buyer and seller pattern is opposite to the goods markets; in goods markets firms sell and households buy‚ but in factor markets firms buy and households sell. Households provide the labor; their savings flows into the financial markets and finances physical capital;
Premium Economics Capital
India is one of the major coffee producing countries and ranks sixth in the world after Brazil‚ Columbia‚ Vietnam‚ Indonesia and Mexico. With only about 2 per cent share in the global coffee area‚ India contributes about 4 per cent towards the world production and between 4 to 4.5 per cent of global coffee exports. In India‚ coffee is cultivated in about 4.10 lakh hectares mainly confined to southern states of Karnataka (57%)‚ Kerala (21%) and Tamil Nadu (8%)‚ which form traditional coffee tracts. Coffee
Premium Coffee Tea
5.1 MANUFACTURING PROCESSES: Acetone is produced directly or indirectly by propylene. Early processes for the manufacture of acetone were based on the thermal decomposition of calcium acetate or the carbohydrate fermentation of corn starch or molasses. The ready availability of propylene in the 1960s led to routes based on the dehydrogenation of isopropyl alcohol or cumene peroxidation. (1) By Cumene Oxidation (Hock Process). Propene is added to benzene [71-43-2] to form cumene [98-82-8]‚ which
Premium Distillation Acetic acid Acetone
Ben Jonson growing up went through a troubling childhood‚ that continued as he grow older. His experiences influenced most of his work‚ which shares a common theme of love and hatred which is illustrated through his plays‚ poems‚ and short stories. His father past away shortly after Ben’s birth. After he had a family his son slipped away from him in the form of death which probably influenced Ben Jonson to write the poem “The Hour-Glass”. The poem is about his son dying at a young age with so
Premium Love Life Death
The poem I chose for my presentation is “ Song to Celia” written by Ben Jonson. Born in 1572 and lived till 1637. Jonson was a major literary figure of the Renaissance period and a contemporary of William Shakespeare. From 1605 to 1634‚ Jonson produced popular masques (works combining drama‚ song and spectacle) for the courts of James I and Charles I. He was granted a royal pension in 1616 and thus made‚ effectively‚ Poet Laureate of England. Jonson became one of the most successful writers of his
Premium Ben Jonson Rhyme Poetry
and it is broadly used nowadays (Rangasamy et al‚2011) a Ethanol can reduce our dependence on fossil fuel oil (Pacheco‚2006) i Enormous usage of fossil fuel energy imposes environmental costs by releasing carbon dioxide‚therefore development of clean energy is eagerly required (Hall‚1991 as cited in Panwar et al‚2010) ii Ethanol
Premium Renewable energy Fossil fuel Energy development
Accepted 5 February 2011) This study was aimed at the large scale production and application of Bacillus thuringiensis (Bt) biopesticide in Bangladesh agriculture from locally available cheap raw materials. B. thuringiensis subsp. kurstaki HD-73 (reference strain) and two other indigenous isolates of B. thuringiensis namely Bt-Soil-47 and Bt-Insect-1i demonstrated satisfactory growth of sporulation and endotoxin production in a medium prepared from de-fatted mustard-seed meal (oil cake) as
Premium Bacillus thuringiensis Bacillus Bacteria
Georgia Douglas Johnson - Wikipedia‚ the free encyclopedia Georgia Douglas Johnson From Wikipedia‚ the free encyclopedia Georgia Blanche Douglas Camp Johnson better known as Georgia Douglas Johnson (September 10‚ 1880 – May 14‚ 1966) was an American poet and a member of the Harlem Renaissance. Contents 1 Early life and education 2 Marriage and family 3 Career 4 Major works 5 References 6 Citations 7 Additional reading Georgia Douglas Johnson Early life and education Johnson was born in
Premium Harlem Renaissance