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In the UK, the factors of production—land, labor, capital, and entrepreneurship—are primarily possessed by private individuals and businesses. The government also plays a role by regulating and providing certain public goods and services. Property ownership is largely in the hands of private entities, while labor is provided by the workforce. Capital, in the form of financial resources and machinery, is owned by both private firms and public institutions.
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Who possesses the factors of production?
the entrepreneur possesses all other factors of production because he performs managerial functions.which include risk bearing,employment of labour,he provides the necessary capital needed for production.
Who possesses the factors of production in Russia and how are the resources allocated?
The companies.
What are factors of production name any four factors of production.?
Factors of production
Who possesses the factors of production for Kenya?
The factors of production in Kenya are owned by a mix of private individuals, businesses, and the government. Private individuals and businesses predominantly own physical capital and entrepreneurship, while the government may own some natural resources and provide infrastructure and public services. Kenya has a market-oriented economy where these various entities play a role in the production process.
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
Who possesses the factors of production in Sweden?
This question seems to not make sense at all, but i guess it means usage of land. Production is highly focused on non active minerals and woods to make pulp. Other prime usage of land is agriculture (2%) and in the north weird hunting games.
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.
Conclusion for the factors of production structured essay?
answer fow conclusion for factors of production
Which of the followiwng is a charcteristic of the factors of production?
which of the following is a characteristic of the factors of production
