There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.
There are many factors of production. These factors include harvesting materials, bundling in some cases, sorting, and cleaning of many different products.
Factors of production
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 producers are organizing business activities supply of various goods efficient utilization of different factors of production expand the demands for various factors of production
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.
discuss 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.
Factors of production
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 producers are organizing business activities supply of various goods efficient utilization of different factors of production expand the demands for various factors of production
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.
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
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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.
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.