Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Define factor of production land ,labour,physical capital ,human capital?
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
what factors of production is needed for photography
mobility of factors of production
Define factor of production land ,labour,physical capital ,human capital?
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.
You should define that a bit. It could be wheat production, lumber, mineral production or a number of others.
Factors of production
Production
what factors of production is needed for photography
mobility of factors of production
how to improve factors of production
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.
answer fow conclusion for factors of production
which of the following is a characteristic of the factors of production
Business firms own the factors of production.