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THE FACTORS OF PRODUCTION
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Labor - This is the work required to make the product.
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Resources - Materials that make the product.
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Entrepreneurs - People who start a new business or bring a new product to market.
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Land - The property used to make the product.
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Capital - The tools and equipment used to make the product.
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~Anonymous~ ! Hope this is what you were looking for ! ~Anonymous~
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What else can I help you with?
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
What would happen if one of the factors of production was missing?
Production would cease.
What are factors of production name any four factors of production.?
Factors of production
What would be the factors of production in the case of a school?
Factor of production will be :land,labour, capital,teachers and students
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.
What are the factors of production in an economic system?
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
What would happen if one of the factors of production was missing?
Production would cease.
Who owns the factors of production in France?
Producers would own the factors of production anywhere, not just France.
What are factors of production name any four factors of production.?
Factors of production
How would you describe Acrylic fiber production?
In what way would you describe Acrylic ??? Goood luck...oh and thanks...x :D
What term is used to describe the way that the various factors of production are combined to obtain output?
The term used to describe the way that various factors of production are combined to obtain output is "production function." This concept illustrates the relationship between inputs—such as labor, capital, and materials—and the resulting output in the production process. It helps in understanding how changes in input levels can affect overall productivity and efficiency.
What would be the factors of production in case of a school?
Factor of production will be :land,labour, capital,teachers and students
What would be the factors of production in the case of a school?
Factor of production will be :land,labour, capital,teachers and students
What would be the factors of production in case of school?
Factor of production will be :land,labour, capital,teachers and students
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.
Factors of production of photography?
what factors of production is needed for photography
Discuss the mobility of factors of production?
mobility of factors of production
