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What are 4 factors of production and their remuneration in detail?
Wiki User
∙ 10y ago
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.
Wiki User
∙ 10y ago
105463
Define Distribution and name the remuneration of factors of production.
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What are the factors to be considered when fixing workers remuneration?
1. Qualification 2. work experience 3. previous salary 4. employees conduct 5. benefit to be derived by employee to the organization
What are the 4 economic factors of production on Chocolate?
Cost of cocoa beans Scale of production Cost to convert to chocolate Cost of selling and distribution
What are the 4 basic inputs that make up the factors of production?
land , labour , capital , organization
The resources that contribute to the creation of wealth are known as?
Factors of Production 1. Land 2. Labor 3. Capital 4. Entrepreneurship 5. Knowledge
4 factors of production?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
What are 4 Remuneration of Factor of Production in detail?
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.
Australia's 4 factors of production?
Australia's (and every other country) four factors of production are:LandLabourCapitalEntrepreneurship.Hope this helps
What are the 4 factors of production?
Land, Labour, Capital, and Enterprise
What are the factors to be considered when fixing workers remuneration?
1. Qualification 2. work experience 3. previous salary 4. employees conduct 5. benefit to be derived by employee to the organization
Why do some firms remain small?
Because they might not have the 4 factors of production and the cost of production me be too high or to much for them to handle.
What are the 4 economic factors of production on Chocolate?
Cost of cocoa beans Scale of production Cost to convert to chocolate Cost of selling and distribution
What are the 4 basic inputs that make up the factors of production?
land , labour , capital , organization
Name the 4 factors of production and give examples of each?
The four factors of production are land, labour, capital and entrepreneur. Land: Corn, sugar etc. Labour: Factory workers, farmers Capital: Machinery Entrepreneur: Kellog's
The resources that contribute to the creation of wealth are known as?
Factors of Production 1. Land 2. Labor 3. Capital 4. Entrepreneurship 5. Knowledge
What is the greatest common factor of 4 7 8 and 14?
Because 7 is a prime number, its only factors are 1 and 7. 7 is not a factor of 4 or 8, so 1 must be the only factor common to all four numbers. To work it out in detail: Factors of 4: 1 2 4 Factors of 7: 1 7 Factors of 8: 1 2 4 8 Factors of 14: 1 2 7 14 The GCF of 4, 7, 8, and 14 is 1
4 factors of production?
capital:man-made machines usedentrepreneurship:person that starts a businessland:all natural resources found in the landlabor:all human resources
What factors influence national income?
1. national resources 2. quality & quantity of the factors of production 3.develpoment of science & technology 4.political stability (or0government policies
