A 1. Rent for the use of land was paid by the owners. 2. Natural resources are provided by nature. 3. Our choice is determined by our income. 4. Products are produced by small business at the lowest possible price. 5. Capital is used by us for future production of goods and services. 6. Goods and services are created with economic resources. 7. Physical and mental efforts must be put into production. 8. This month interest on a bank loan has been paid by the firm. 9. The fertility of the soil is being improved on their farm B 1.The economists call economic resources factors of production. 2. People provide labour, knowledge, skills and experience . 3. They must put ental and intellectual efforts into production of goods and services. 4. The enterprise has already paid the taxes and other bills this month. 5. The enterprise combines land, labour and capital. 6. A a new shoe firm earned a big profit last month. 7. They are keeping unsold goods in the firm’s warehouse.
It is no doubt that mankind history is full of important and significant events and inventions. To my mind, one of the most important inventions is penicillin. A scientist named Alexander Fleming was doing research at Hospital in London and he was looking for something to fight bacterial infections. Use of penicillin did not begin at once. Howard Florey and Ernst Chain isolated the active ingredient and developed a powdery form of the medicine. So they were able to make enough penicillin to establish it as a value drug. The world now had a valuable treatment that would save the lives of millions. Penicillin today is a very important prescription drug. It is very effective against fungi, parasites and bacteria.
2. Natural resources are provided by nature.
3. Our choice is determined by our income.
4. Products are produced by small business at the lowest possible price.
5. Capital is used by us for future production of goods and services.
6. Goods and services are created with economic resources.
7. Physical and mental efforts must be put into production.
8. This month interest on a bank loan has been paid by the firm.
9. The fertility of the soil is being improved on their farm
B 1.The economists call economic resources factors of production.
2. People provide labour, knowledge, skills and experience .
3. They must put ental and intellectual efforts into production of goods and services.
4. The enterprise has already paid the taxes and other bills this month.
5. The enterprise combines land, labour and capital.
6. A a new shoe firm earned a big profit last month.
7. They are keeping unsold goods in the firm’s warehouse.