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Intro. to Business
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Intro. To Business 1. The five factors of production are labor, capitol, entrepreneurs, physical resources, and informational resources. Capitol is the most important because without capitol or money there wouldn't be a business. Capitol is what starts and keeps a business going. Capitol is also the most important because obtaining and using material resources and labor requires capitol. 2. Gross domestic product(GDP) refers to the total value of all goods and services produced with in a given period by a national economy through domestic factors of production.
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Paper Information
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Title: Intro. to Business
Words: 383
Rating: None
Pages: 1.5
submitted by: Brittany3122
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