answersLogoWhite

0


Best Answer

Here are the four factors

  1. Natural Resources which generally include all those things that generates naturally
  2. Capital
  3. human resources
  4. entrepreneurship - the business management
User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Which one of the four factors of production does a business need first?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How the factors of production changed throughout the four eras of business?

Discuss how the factors of production (natural resources, capital, human resources and entrepreneurship) have changed throughout the four eras of business.


How the factors of production have change throughout the four eras of business?

The four eras of business are natural resources, capital, personal resources, and entrepreneurship. The factors of production have changed through these eras by what drives the business will change.


Where can one find information about the factors of production?

There are definitions on the factors of production located on the Wikipedia website, Investopedia and also Business Dictionary. The four factors of production are the following; land, labour, capital and enterprise.


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

Factors of production


What are the four factors of production in making steel?

The four factors of production are: Natural resources Capital Labour Entrepreneurship.


What are the different factors of production?

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


What are the ethical issues relating to production in a business?

How has globalization effected internal and external factors affected the four functions of management


What are the four factors of production of a car?

WHAT ARE THE FOUR FACTORS OF PRODUCTION FOR A CAR!? not land labor capital goods and entrepreneurship but what are the actual items


What are some factored products?

There are four factors of production: Land, Labor, Capital and Organization. In any business entity production process is completes through employing these factors of production. Land gets the rent, labor gets wages, capital the interest and organization gets the proft earned by any business entity.


Which of the four factors of production must be prioritized?

The four factors of production (land, labor, capital and entrepreneur) must all present if you wish to improve the economic level of production.


What of the four factors of production is rubber?

Capital


What are 4 factors of production and their remuneration in detail?

There are four factors of production. The first is land, which payments are for rent. The second is labor, for which the payment is wage. The third is capital, and the payment is interest. The fourth is entrepreneurship and the remuneration is profit.