Later the noted neoclassical economist Alfred Marshall introduced organization as the fourth factor of production. Therefore in the traditional classification of factors of production, we have four factors of production like land, labour, capital and organization. Capital, which consists of instruments of production is the product of land and labour.
Organisation is only a special form of labour. Below we have discussed these factors of production briefly. In ordinary language, land refers to the surface of the earth. That means all natural resources on, over and below the surface of the earth are included in the definition of land. But modern writers have restricted the meaning of land to those natural resources which can be owned by human beings and which can yield and income. Any physical or mental effort undertaken with a view to getting a reward in cash or kind is called labour in economics.
Any work done for pleasure or leisure is not labour. The work of a mother in rearing up children, the exertion of a football player in the college team are not labour in economics. This is because they do not get any monetary reward.
Capital is a produced means of production. It is a means of production because it helps in further production of wealth. Plants, buildings, machines, highways, ports, raw materials etc. The system is essentially a series of tubes that divides further and further, ending in small membranous sacs called alveoli. It is here that the gas exchange occurs. Breathing is usually an unconscious function, and there are several factors that affect how we breathe.
The medulla is a portion of the brain that controls breathing. It measures the oxygen needs of the body and paces respiration to match. Many prescription medications, as well as illegal drugs, will affect the breathing rate. Stimulants such as caffeine, nicotine, amphetamines and cocaine will speed up respiration, and some have the potential to cause hyperventilation.
Sedatives such as sleeping pills and alcohol will decrease the breathing rate. Anesthesia medications can slow or even stop breathing altogether, making it necessary to put surgical patients on an artificial ventilator.
Opiate pain medications can also alter breathing. The way we sit, particularly in a car or at a desk, can cause compression of portions of the rib cage and lungs, making effective breathing more difficult. In order to breathe deeply and ventilate fully, good, upright posture is required. Activity level can affect breathing. As we increase our activity level the oxygen needs of the body increase, so our rate and depth of breathing is increased.
It is possible to overexert ourselves to the point where we cannot inhale enough oxygen fast enough to meet the metabolic needs of the body, such that we are forced to stop and rest.
On the other hand, when we are asleep, our bodies require less oxygen and our breathing becomes slow and shallow. Many diseases affect our breathing, such as emphysema, which is a disease that makes gas exchange within the lungs very difficult and breathing to become labored. Bronchitis causes inflammation and mucous production, inducing fits of coughing. Asthma is an inflammatory condition that causes the airways to be constricted, making ventilation difficult. According to the American Lung Association, if you have a chronic cough, have shortness of breath, are coughing up blood or are wheezing, these may be warning signs of a lung disease.
Jun 24, · With the help of key success factors assignment help homework on this topic can be dealt. Characteristics of success factors When it comes to the various factors of success of a company, there are a few characteristics which are common to all of them/5().
It means to express a number as the product of its factors. Factors are either composite numbers or prime numbers (except that 0 and 1 are neither prime nor composite). The number 12 is a multiple of 3, because it can be divided evenly by 3. 3 x 4 = 12 3 and 4 are both factors of 12 12 is a multiple of both 3 and 4.
Fixed factors are those which remain unchanged as out output of the firm changes in the shout-run. Variable factors are those factor inputs which change with the change with the change of output in the short run. Need even more information? Don't forget to search the reference sources of Infoplease for answers to your homework questions.
Factors of Production in Microeconomics Home» Microeconomics Homework Help» Factors of Production As discussed above production is the creation of utility. Social perception can be defined as the process of perceiving other people. It is the process by which we look at other people and decide what they are like and how we will respond to them. Such a process can be influenced by a number of factors. One of the most important of these factors is physical appearance.