capital:man-made machines used
entrepreneurship:person that starts a business
land:all natural resources found in the land
labor:all human resources
Factors of production
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.
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
what factors of production is needed for photography
mobility of factors of production
Australia's (and every other country) four factors of production are:LandLabourCapitalEntrepreneurship.Hope this helps
Factors of production
Land, Labour, Capital, and Enterprise
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.
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Because they might not have the 4 factors of production and the cost of production me be too high or to much for them to handle.
what factors of production is needed for photography
mobility of factors of production
how to improve factors of production
Cost of cocoa beans Scale of production Cost to convert to chocolate Cost of selling and distribution
land , labour , capital , organization
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.