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Four basic factors of production

Updated: 4/28/2022
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Land, labor, capital, and entrepreneurship.

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Q: Four basic factors of production
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What are factors of production name any four factors of production.?

Factors of production


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.


State and explain the four factors of production giving one example in each case?

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


What are the four factors of production in making steel?

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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.


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


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


Which are the three basic factors of production?

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Australia's 4 factors of production?

Australia's (and every other country) four factors of production are:LandLabourCapitalEntrepreneurship.Hope this helps


What is the remuneration of each of of the four factors of production?

The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.


Income of the four factors of production?

The four factors of production earn the following income:Land earns rent.Labour earns wages.Capital earns interest.Entrepreneurship earns profit.Refer to "Factors of productions?" for the definition of each factor of production. This can be found at [ Factor_of_production]