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What are factors that affect a businesses profit?

Business profits are impacted by several factors. One important one is the taxes it must pay. Another is operating costs. The impact of its competitors also affects profits. Profits are also impacted by salary costs.


What are products that brings profits for a business?

any output from factors of production can bring revenue depending on the industry where a firm operate in


What factors contribute to the sustainability of positive economic profits in a perfectly competitive market?

In a perfectly competitive market, factors that contribute to the sustainability of positive economic profits include efficient production processes, low production costs, high demand for goods or services, and barriers to entry that prevent new competitors from entering the market easily. Additionally, innovation and differentiation can help companies maintain a competitive edge and sustain profits over time.


What are factors of production name any four factors of production.?

Factors of production


Economic resources are also known as?

Factors of production.


Where can one find information about the factors of production?

There are definitions on the factors of production located on the Wikipedia website, Investopedia and also Business Dictionary. The four factors of production are the following; land, labour, capital and enterprise.


What are two types of payments of factors of production?

There arent only 2 payments of production and it depends on which factor of production you're talking about. For Labour - the payment to the factor is Wages, For Capital - Interest For land - Rent Entrepreneurship - Profits These payments to the factos of production are provided by the firms. M x


Why do firms engage in the activity of production?

to acquire profits


Which phase of the business cycle is marked by an increase in production while employment wages and business profits also rise?

expansion phase


Fixed proportions technology?

The Fixed Proportion Production Function, also known as a Leontief Production Function implies that fixed factors of production such as land, labor, raw materials are used to produce a fixed quantity of an output and these production factors cannot be substituted for the other factors.


Define factors of production?

Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.


Factors of production of photography?

what factors of production is needed for photography