capital is the fund which is brought into the business, It is the source which is used to buy the Asset (machinery) and Raw materials. With the help of the machinery only the working process will be carried on and we can produce the goods. Therefore i conclude it by saying capital is the very much essential in Production.
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Resources given to the earth to supply production
Human effort and ideas drive production
Resources created by humans to aid production. Human effort and ideas drive production.
Resources given to the earth to supply production
Resources given to the earth to supply production
Factor
human effort and ideas drive production
Energy from the enviro fuels production I got yall (:
Factors of production are important in business because managers can improve their position when they know what contributes to production. The type of machinery used in production is a factor in production.
Resources created by humans to aid production.Resources created by humans to aid production
Land contributes to production since it is cultivated and crops grown on it. Land also allows people to build structures that house domestic animals.