0
Four factors, land, labour, capital, and entrepreneurship, are commonly recognized. However research has shown that a fifth factor, technology should be added and is becoming more important in today's economy.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
The factors of production are?
There are five factors of production these are land, labour, capital, entrepeneur and information resources.
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
What is the best explanation of why the law of diminishing returns does not apply in the long run?
All factors of production are variable in the long run.
What are factors of production name any four factors of production.?
Factors of production
Five factors aiding the booming growth of corporations included?
The five factors that encourage industrial growth include improved transportation, modern machinery, and improved communication. Two other factors are assembly line production and better production methods with modern technology.
What are five factors of production?
Many factor tie into production but five factors of production are: product, capabilities, volume, safety, and sales.
The factors of production are?
There are five factors of production these are land, labour, capital, entrepeneur and information resources.
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
What is the best explanation of why the law of diminishing returns does not apply in the long run?
All factors of production are variable in the long run.
What are factors of production name any four factors of production.?
Factors of production
Five factors aiding the booming growth of corporations included?
The five factors that encourage industrial growth include improved transportation, modern machinery, and improved communication. Two other factors are assembly line production and better production methods with modern technology.
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.
What is the explanation for the relationship between production and consumption?
between consumption production
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
Factors of production of photography?
what factors of production is needed for photography
What is the Explanation of SAP?
Systems Application And Production
