Factors of Production Demand

Production mainly dependent on labor, adopted in small-scale industries like hotels and restaurants (correct)

Production mainly dependent on technology, adopted in medium-scale industries like electronics manufacturing

Production mainly dependent on raw materials, adopted in agriculture and mining

Production mainly dependent on capital, adopted in large-scale industries like car-manufacturing

Production with equal investment in labor and capital, often seen in manufacturing of consumer goods

Production requiring a relatively high level of capital investment compared to the labor cost, often automated like car-manufacturing (correct)

Production with minimal investment in both labor and capital, often seen in traditional crafts and arts

Production relying mainly on labor with minimal capital investment, often seen in technology startups

The scarcity of resources used in production

The transformation of raw materials to finished goods and services

The value added to inputs to create outputs

The amount of output produced from a given amount of input over a period of time (correct)

<p>Land, labor, and capital (inputs)</p> Signup and view all the answers

<p>Production</p> Signup and view all the answers