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What 4 factors of production and explain briefly why each is necessary for production to take place?
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Explain briefly the contribution of the factors of production to economic activity?
The faster that products can be made, the more economic activity that can occur. If the product production slows down, the economy will slow down as well.
What are the different factors of production?
There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.
4 factors of production?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
List and explain the factors of production?
There are many factors of production. These factors include harvesting materials, bundling in some cases, sorting, and cleaning of many different products.
Explain how the infrastructure of a country is related to the factors of production?
call 1800-GET-A-LIFE
Explain briefly the contribution of the factors of production to economic activity?
The faster that products can be made, the more economic activity that can occur. If the product production slows down, the economy will slow down as well.
Why was Britain the first to industrialized?
It had the necessary factors of production
What are the different factors of production?
There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.
4 factors of production?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
List and explain the factors of production?
There are many factors of production. These factors include harvesting materials, bundling in some cases, sorting, and cleaning of many different products.
Explain how the infrastructure of a country is related to the factors of production?
call 1800-GET-A-LIFE
What is three factors of production necessary for industrialization?
land labor& capital
What is necessary for countries economy?
the necessary things for a countries economy are the factors of production which is land , labour ,capital and entrepreneur.
Who possesses the factors of production?
the entrepreneur possesses all other factors of production because he performs managerial functions.which include risk bearing,employment of labour,he provides the necessary capital needed for production.
Explain the factors detemimining working capital requirements of a firm?
The nature of the business, seasonality of production and the production cycles are some of the factors that determine the working capital requirements of a firm.
State and explain the four factors of production giving one example in each case?
Factors of production are the basic inputs used in the production of goods and services. It includes land,labour,capital and entrepreneurship. By Lamptey Samuel Boafo
What are factors of production name any four factors of production.?
Factors of production
