0
The four main factors of production are: labor, capital, Natural Resources, and entrepreneurship.
Examples of each:
Labor- the mental/physical effort used to produce goods/services
Capital- includes machinery to produce and distribute goods/services (such as factories)
Natural Resources- land, oceans
Entrepreneurship- selling products door-to-door
speed and effieciency
What else can I help you with?
What are factors of production name any four factors of production.?
Factors of production
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Factors of production of photography?
what factors of production is needed for photography
Discuss the mobility of factors of production?
mobility of factors of production
How to increase or improve the factors of production?
how to improve factors of production
What are three factors of production?
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.
Conclusion for the factors of production structured essay?
answer fow conclusion for factors of production
Which of the followiwng is a charcteristic of the factors of production?
which of the following is a characteristic of the factors of production
Who own the factor of production?
Business firms own the factors of production.
Who owns the factors of production in market economy?
factors of production by govt. , by society and privetly
Importance of factors of production?
factors of production unable the production of goods and services to take place and the satisfaction of human wants.
Who owns the factors of production in cuba?
The government owns the factors of production. Since Cuba has a dictatorship and Raul Castro is now in charge, it can be said that he owns the factors of production.
