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There are four factors of production: Land, Labor, Capital and Organization.
In any business entity production process is completes through employing these factors of production.
Land gets the rent, labor gets wages, capital the interest and organization gets the proft earned by any business entity.
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoClimate (temperature, rainfall, wind etc.)
Environmental (aspect, altitude etc.)
Physical (soil type, soil composition, nutrient availability)
Wiki User
∙ 11y agoFactors affecting production are labour, capital, land, entrepreneurial skills and law of diminishing returns
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