production
Factors of Production
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
labor, capital, and natural resources
how are capital resources different from the other resources of production natural and human resources
production
natural resources labor capital entreprenuership
Factors of Production
Capital as a factor of production entails goods that are produced through human labor in an economic system. This does not include Natural Resources or land.
The four factors of production are: Natural resources Capital Labour Entrepreneurship.
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
labor, capital, and Natural Resources
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
labor, capital, and natural resources
The Factors of Production are Land, Labor, Capital(Wealth), and Natural Resources
Discuss how the factors of production (natural resources, capital, human resources and entrepreneurship) have changed throughout the four eras of business.