Factors of production—land, labor, capital, and entrepreneurship—receive remuneration as compensation for their contributions to the production process. Landowners earn rent for the use of their land, workers receive wages for their labor, capital providers gain interest on investments, and entrepreneurs profit from their innovative ventures. This remuneration incentivizes the efficient allocation and utilization of resources, driving economic growth and productivity. Ultimately, it reflects the value that each factor adds to the goods and services produced in an economy.
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.
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
There are many factors of production. These factors include harvesting materials, bundling in some cases, sorting, and cleaning of many different products.
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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.
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
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.
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
There are many factors of production. These factors include harvesting materials, bundling in some cases, sorting, and cleaning of many different products.
call 1800-GET-A-LIFE
The nature of the business, seasonality of production and the production cycles are some of the factors that determine the working capital requirements of a firm.
Remuneration for land (a factor of production) is called rent.
Factors of production are the basic inputs used in the production of goods and services. It includes land,labour,capital and entrepreneurship. By Lamptey Samuel Boafo
models purporting to explain growth, value, choice of production method, income distribution, and social classes.
Define factor of production land ,labour,physical capital ,human capital?
Factors of production