Business

Business

The Important Factors of Production

ByKimberly Amadeo has 20 years of experience in economic analysis and business strategy. She writes about the U.S. Economy for The Balance.Kimberly AmadeoUpdated April 09, 2020The four factors of production are land, labor, capital, and entrepreneurship. They are the inputs needed for supply. They produce all the goods and services in an economy. That’s measured…

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Business

How and Different Ways to Interpret Financial Statements

Financial statements are written records that convey the business activities and the financial performance of a company. Financial statements are often audited by government agencies, accountants, firms, etc. to ensure accuracy and for tax, financing, or investing purposes. Financial statements include:Balance sheetIncome statementCash flow statement. Financial StatementsInvestors and financial analysts rely on financial data to…

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