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What are factors of production name any four factors of production.?
Factors of production
What is last factor of production?
The factors of production are resources that are the building blocks of any economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, entrepreneurship and IT.
When is the allocation of resources in an economy considered to be inefficient?
when total resources in an economy is not equally allocated among four factors of production i.e land, labor, capital and organization then allocation of resources in an economy considered to be inefficient.
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.
What is another term for factors of production?
Another term for factors of production is "resources." This encompasses the inputs used in the production of goods and services, typically categorized into four main types: land, labor, capital, and entrepreneurship. These resources are essential for creating economic value and driving productivity in an economy.
What are factors of production name any four factors of production.?
Factors of production
What is last factor of production?
The factors of production are resources that are the building blocks of any economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, entrepreneurship and IT.
What are the four factors of production in making steel?
The four factors of production are: Natural resources Capital Labour Entrepreneurship.
When is the allocation of resources in an economy considered to be inefficient?
when total resources in an economy is not equally allocated among four factors of production i.e land, labor, capital and organization then allocation of resources in an economy considered to be inefficient.
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.
What are the four factors of production of a car?
WHAT ARE THE FOUR FACTORS OF PRODUCTION FOR A CAR!? not land labor capital goods and entrepreneurship but what are the actual items
What is another term for factors of production?
Another term for factors of production is "resources." This encompasses the inputs used in the production of goods and services, typically categorized into four main types: land, labor, capital, and entrepreneurship. These resources are essential for creating economic value and driving productivity in an economy.
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
How labor as one of the four factors of production contributed to the devolopment of an industrial economy in Great Britain?
Many unemployment farmworkers could go to work in the country's factories.
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]
