Ask Question
BusinessBusiness
20 May, 03:42

To become industrial, a nation must have raw materials, workers, and capital. True or false?

+3
Answers (1)
  1. 20 May, 06:56
    0
    To become industrial, a nation must have raw materials, workers and capital is absolutely true. Without any of the things mentioned, it is impossible to become an industrial nation. The raw materials are required to produce the finished product. The workers are the ones that work in industries to produce the finished proudest from the raw materials. It can be physical as well as mental labor. Capital is required to buy raw materials and labor for getting the finished product and make profit.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “To become industrial, a nation must have raw materials, workers, and capital. True or false? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A plant asset was purchased on January 1 for $54000 with an estimated salvage value of $6000 at the end of its useful life.
Answers (1)
If all interest rates in the economy fall by 1%, which of the following bonds would have the greatest percentage increase in value? a. 20-year, 10% coupon bond. b. 20-year, 5% coupon bond. c. 10-year, zero coupon bond. d. 1-year, 10% coupon bond. e.
Answers (2)
The primary operating goal of a publicly-owned firm trying to best serve its stockholders should be to A. Maximize managers' own interests, which are by definition consistent with maximizing shareholders' wealth. B.
Answers (1)
Can surfing the internet for pleasure outside your lunch break be considered an example of theft / fraud at work?
Answers (1)
Because of our limited money, time, and effort, we are best off when we allocate things a. by constantly assessing the opportunity costs of our choices. b. by being selfish with our time to benefit society. c. with the objective of maximizing output.
Answers (2)
New Questions in Business
During discussions relating to the formation of kingfisher, seth mentions that he may be interested in either (1) just selling all of his inventory in the current year for its fair market value of $96,000 or (2) proceeding with his involvement in
Answers (1)
What is a disadvantage of government bonds? a) they have a high intrest rate b) They are difficult to find c) They are relatively risk-free d) all of the above
Answers (1)
The Sedgwick Company estimates sales of a new product at 5,000 units and $3.00 per unit. Management feels the sales quantity is accurate within a 10 percent plus-or-minus range while the sales price is accurate within a 5 percent plus-or-minus range.
Answers (1)
The actual cost of direct labor per hour is $ 11.00 and the standard cost of direct labor per hour is $ 9.50. The direct labor hours allowed per finished unit is 0.25 hour.
Answers (1)
A large oil company is studying the number of gallons of gasoline purchased per customer at self-service pumps. The mean number of gallons is 10.0, with a standard deviation of 3.0 gallons. The median is 10.75 gallons.
Answers (1)
Home » Business » To become industrial, a nation must have raw materials, workers, and capital. True or false?
Sign Up Forgot Password?