Business, 29.07.2019 21:30 kyleee4473

What are three characteristics that may make a place well-suited, or poorly-suited, for industry?

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Labor, land and capital are three characteristics that may make a place well-suited, or poorly-suited, for an industry. Land is defined as any part of Earth’s surface that is not covered by water. Labor is defined as the work that is put into creating a product or developing a service. Capital is used to describe the financial assets that are used to produce and manufacture goods.

Answer from: jonnaevans4856

The correct answer is land, labor and capital.

A specific place might be appropriate or inadequately suited for industry, contingent upon the unmistakable attributes of land, work, and capital. These three characteristics that is used to determine well-suited or poor-suited for an industry is also used in the factors of production, yet entrepreneurship is added.

Answer from: Quest

But you brightness on low, turn on airplane mode, clear your history

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

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