4 important forces that influences the demand for factors
Firms demand for factors as they use them in the process of production. The demand for factors is influenced by the following forces.
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Brief notes on the nature and features of the supply of factors like land, labor and capital
Like the demand for factors, supply of factors plays an important role in the determination of factor pricing. The nature and features of the supply of factors like land, labor, capital, and not similar.
10 factors that governs the elasticity of demand of a commodity
There are several factors governing the elasticity of demand for a commodity. They are explained below. A commodity will have elastic demand if there are good substitutes for it. A small rise in the price of a commodity will send buyers to the substitutes. A lower price of a commodity will invite the former buyers of the substitute goods.
11 essential Factors influencing the supply of a commodity
Generally, the following factors influence the supply of a commodity in the market. Generally, the aim of the firm is to maximize profits. Besides, maximum sales, maximum output and maximum employment are also the goals of the firm. These goals and change in them affect the supply of the commodity.
7 Factors that influences the Demand for a Commodity
Human wants are unlimited. The resources at the disposal of human beings are limited. Hence people are bound to exercise their choice. The satisfaction of human wants is linked with the production of goods and services and their pricing process.
What are the factors that attracted the British to conquer India ?
Some historians opined that British empire was established almost in a fit of absent mindedness but it will be an unreasonable point of view to conclude as without motive, without perspective of circumstantial success, the British could not have become the ruler.
What are the influential factors the affects the mental development of a child?
Mental development is the prime factor for the entire developmental aspect. It refers to the capacity of an individual to adjust in the environment by utilizing his reasoning, thinking, understanding and intelligence. One’s mental faculty is primarily influenced by number of factors. These are given below.
What are the factors responsible for the socialization process?
Socialization as said above is the process of learning group norms, habits and ideals. There are four factors of this process of learning. These are imitation, suggestion, identification and language. A brief description of these four factors is necessary.
What are the limiting factors in an ecosystem?
The existing natural ecosystem is often confronted with negative impacts of modern technology. These often cause stress, especially by altering the fundamental stability of an ecosystem.
What are the factors that determine the consumption function in economics?
Keynes does not base current consumption on income of the preceding period (or periods). In his theory, it depends upon the expected income in the forthcoming period.