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Man is the most important factor of production. discuss?

Factors of production refers to the inputs of the production process.


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land , labor and capital


What one factor of production the most important?

It is difficult to determine one single most important factor of production as it can vary depending on the context. However, labor is often considered a critical factor as it involves human capital that drives innovation, productivity, and economic growth.


What do economists consider factor of production?

enumirate the different factor of production?


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1.it is perishable, e.g. eventually used up 2.cannot be separated from the producer. 3.it is mobile. 4.basic factor of production. 5.quality can be improved.


What was the Production Budget for Chill Factor?

The Production Budget for Chill Factor was $34,000,000.


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what is product/mobile machinery


What is factor price?

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Is labor factor of production immobile?

Labor is highly mobile. People will move where jobs are. Such as in the Industrial Revolution, factories had a demand for labor which caused a rural to urban migration.


The history of economic growth in the nineteenth century focused on what as the most important factor of production?

Capital


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