Discuss the four factors of production – InterviewSolution

1.

Discuss the four factors of production

Answer»

Answer:

Economists divide the FACTORS of production into four CATEGORIES:

land, labor, capital, and entrepreneurship.
The first factor of production is land, but this includes any NATURAL resource used to produce GOODS and services.

Discussion

No Comment Found

Related InterviewSolutions

3. describe the different industries in the country today4. map and analyze the opportunities offered by the industries in the community5. check the needs ,wants. and demands of the market through environmental scanning process6. know the 4m's product7. discuss the importance of acquiring a start-up capital8. make a business plan9. apply the standards in selecting the best business locationpls don't screw around I really need help plss
Ajay simply im calling you as Papa but you brought Mami tooRu maintaining family here ?
2. describe the legal form of business
1. determine the common characteristics of a business market
Please thank my answers I always give correct answers....If you don't believe check it yourself....please
Explain in briefly the following in economicsa) landb)labour
Yourwhat are the now - farm production activities taking place inregion? make ashort dist.
Why does a democratic country need a constitution ???Plz drop me some thanks
Which of the following is cause increasing urbanization in Punjab ...
Discuss the various type of registration under GST