It is production mainly for sale.
Technology is applied in production.
It lead to industrial growth.
High output per unit area.
It encourage specialisation.
It mainly carried out in large scale.
neptune answered the question on November 27, 2017 at 21:09
-
Explain five circumstances under which a country may realize surplus in its balance of payments.
(Solved)
Explain five circumstances under which a country may realize surplus in its balance of payments.
Date posted:
November 23, 2017
.
Answers (1)
-
Explain five disadvantages of using direct taxes to raise government revenue
(Solved)
Explain five disadvantages of using direct taxes to raise government revenue
Date posted:
November 23, 2017
.
Answers (1)
-
Outline five ways in which a society benefits from indirect production
(Solved)
Outline five ways in which a society benefits from indirect production
Date posted:
November 23, 2017
.
Answers (1)
-
Why is it important to have a business plan?
(Solved)
Why is it important to have a business plan?
Date posted:
November 22, 2017
.
Answers (1)
-
What are the items that may be included in a business plan?
(Solved)
What are the items that may be included in a business plan?
Date posted:
November 22, 2017
.
Answers (1)
-
What are the external factors considered when starting or carrying out a business?
(Solved)
What are the external factors considered when starting or carrying out a business?
Date posted:
November 22, 2017
.
Answers (1)
-
List four personal consideration when starting a business.
(Solved)
List four personal consideration when starting a business.
Date posted:
November 22, 2017
.
Answers (1)
-
What does it mean to evaluate a business opportunity?
(Solved)
What does it mean to evaluate a business opportunity?
Date posted:
November 22, 2017
.
Answers (1)
-
List five gaps a business can experience.
(Solved)
List five gaps a business can experience.
Date posted:
November 22, 2017
.
Answers (1)
-
Define business opportunity
(Solved)
Define business opportunity.
Date posted:
November 22, 2017
.
Answers (1)
-
Outline the different types of utilities.
(Solved)
Outline the different types of utilities.
Date posted:
November 22, 2017
.
Answers (1)
-
Differentiate between goods and services
(Solved)
Differentiate between goods and services
Date posted:
November 22, 2017
.
Answers (1)
-
What traits should an entrepreneur possess to make it in business?
(Solved)
What traits should an entrepreneur possess to make it in business?
Date posted:
November 22, 2017
.
Answers (2)
-
What are they main functions of an entrepreneur?
(Solved)
What are they main functions of an entrepreneur?
Date posted:
November 21, 2017
.
Answers (1)
-
Define the term entrepreneurship as a factor of production
(Solved)
Define the term entrepreneurship as a factor of production
Date posted:
November 21, 2017
.
Answers (1)
-
Define capital as a factor of production.
(Solved)
Define capital as a factor of production.
Date posted:
November 21, 2017
.
Answers (1)
-
What are the main characteristics of labor as a factor of production?
(Solved)
What are the main characteristics of labor as a factor of production?
Date posted:
November 21, 2017
.
Answers (1)
-
Define labor (human resource) as a factor of production
(Solved)
Define labor (human resource) as a factor of production
Date posted:
November 21, 2017
.
Answers (1)
-
Define land as a factor of production.
(Solved)
Define land as a factor of production.
Date posted:
November 21, 2017
.
Answers (1)
-
Explain the external business environments
(Solved)
Explain the external business environments.
Date posted:
November 21, 2017
.
Answers (1)