answersLogoWhite

0

There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Discuss the different factors of production with emphasis on their interdependence in the creation of wealth?

discuss factors of production


List and explain the factors of production?

There are many factors of production. These factors include harvesting materials, bundling in some cases, sorting, and cleaning of many different products.


What are factors of production name any four factors of production.?

Factors of production


How do the four factors of production affect the economy?

Production factors are essentially the resources needed to produce something. The four generally recognized production factors are land, labor, capital, and either entrepreneurship or time, according to different economists.


The role of a producer?

the role of producers are organizing business activities supply of various goods efficient utilization of different factors of production expand the demands for various factors of production


What factors of production does apple use?

land, enterprise and capital - This 3 is among the basic factors that contribute to production perse - but in case of Apple, they also have a innovative and efficient technology that they use in production factors.


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


How to increase or improve the factors of production?

how to improve factors of production


Example of what factor of production?

Land, Labour, Capital and Entrepreneurship are the factors of production. Examples are Land, Labour in the form of employees, Capital like machinery used in different companies and industries are examples of factors of production.


What are three factors of production?

Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.