There are some problems or issues a company might face if it has has a shortage of factors of production.they are as follows:
1. lack of business expansion
2. loss of clients
3.reduction in imput
4.reduction in output
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Stimulate the company to adopt efficient substitute methods of production
Factors of production
Factors of production is labor land capital entrepreneurship and technology and hence is owned by everyone (including citizens and government) of any company.
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Money is considered to be a factor of production figuring the more a company makes the more money they will earn.
An example of a shortage is limited amounts of food available because the trucks carrying it are on strike. What is an example of a shortage? The resources used to make all goods and services are called the factors of production. ... To show alternative ways to use an economy's resources.
An example of a shortage is limited amounts of food available because the trucks carrying it are on strike. What is an example of a shortage? The resources used to make all goods and services are called the factors of production. ... To show alternative ways to use an economy's resources.
Stimulate the company to adopt efficient substitute methods of production
Factors of production
Factors of production is labor land capital entrepreneurship and technology and hence is owned by everyone (including citizens and government) of any company.
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Money is considered to be a factor of production figuring the more a company makes the more money they will earn.
mobility of factors of production
how to improve factors of production
what factors of production is needed for photography
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.
A factor that would add to a housing shortage is a shortage of skilled labor. Building homes requires architects, contractors, masonaries, electricians, plumbers, and more.