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What are the factors to consider when purchasing a labour saving device?
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What are the factors capable of limiting the practice of division of labour?
factors capable of limiting the practice of division of labour
Factors to be considered when establishing a farm?
factors to consider before estblishing a farm: - capital. - techinical know how. - land. - market. - source of inputs. - source of water . - source of power. - labour availability.
Factors affecting the cost of production?
labour
What are the passive factors of production?
Land and Labour
What are the rewards for the factors of production?
land- rent labour- wages capital- interests organisation- profit
The factors of production are?
There are five factors of production these are land, labour, capital, entrepeneur and information resources.
What do economists consider as basic resources or factors of production?
The most important resources or factors of production in economics (with their respective factor rewards in parentheses) are: Land (rent); Labour (wages); Capital (interest); Entrepreneurship (profit). These factors, combined with management and economic risk taking, combine with other factors (specific to the industry) to produce output.
What are the 4 factors of production?
Land, Labour, Capital, and Enterprise
What are the rewards of the four factors of production?
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
What are the four factors of production in making steel?
The four factors of production are: Natural resources Capital Labour Entrepreneurship.
What are the factors of production in Canada?
Land,labour,and Capitol
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.
