answersLogoWhite

0

There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Discuss the different factors of production with emphasis on their interdependence in the creation of wealth?

discuss factors of production


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.


What are factors of production name any four factors of production.?

Factors of production


How do the four factors of production affect the economy?

Production factors are essentially the resources needed to produce something. The four generally recognized production factors are land, labor, capital, and either entrepreneurship or time, according to different economists.


The role of a producer?

the role of producers are organizing business activities supply of various goods efficient utilization of different factors of production expand the demands for various factors of production


What factors of production does apple use?

land, enterprise and capital - This 3 is among the basic factors that contribute to production perse - but in case of Apple, they also have a innovative and efficient technology that they use in production factors.


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


Example of what factor of production?

Land, Labour, Capital and Entrepreneurship are the factors of production. Examples are Land, Labour in the form of employees, Capital like machinery used in different companies and industries are examples of 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.

Trending Questions
What groups favored a laissez-faire policy because it allowed them to do as they pleased? What economic Prosperity has been hindered in many African nations by all? What is the American dollar worth in England? What are the processes of globalization? When a State planned economy transitions toward a free market economy they engage in privatization of resources. For privatization to be successful what must the State also do? What are some possible advantages or disadvantages of expanding the scope of bargaining in the federal sector to include issues such as wages and benefits? Which most accurately explains why fiat money differs from commodity? Why don't we observe barter system as often as we observe the use of currency? When the inflation rate is zero is the present value of one dollar is identical to the future value of one dollar? How do you use Capitalism in sentence for kids? How much is the Iraq dinar compared to the US dollar? What are 4 problems farmers face in the Bahamas and explain them? How can you improve the petrol economy on your Daewoo matix? When economic growth takes place what shifts outward to show more production? Why is capital important to business? What is the role of public facilities in the development of a country? What are the main economic activities for Louisiana? What difference might exist between a health care need as perceived by an individual and one perceived by a medical professional? What is prey scarcity? What is a consumer good and how does it impact the field of economics?