Answer to Question #223665 in Macroeconomics for Refilwe

Question

1.Items that are treated in the factor market

2.the is different between gross capital formation and fixed capital formation

3.what does economic marginalization mean

What does production mean

Answer 1

Question 1

• Raw materials
• Land,
• Labor
• Capital.

Question 2

The term "gross capital formation" refers to the acquisition of fixed assets less disposals and the net value of inventory, which includes gross fixed capital formation and inventory adjustments while the value of purchases less the value of fixed asset disposals over a particular time is referred to as gross fixed capital formation.

Question 3

Marginalisation is a process and a state that hinders people or groups from fully participating in social, economic, and political life.

Question 4

The process of manufacturing, harvesting, or generating anything, as well as the quantity of something created or harvested, is referred to as production.