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Vikki [24]
3 years ago
6

What are the factors of production?

Social Studies
2 answers:
gtnhenbr [62]3 years ago
7 0

Answer:

Land

Labour

Capital

Entrepreneur

Explanatio:

Production is the manufacturing of goods and services for human use

Land: is the free gift of nature. It is the ground upon which houses. Office buildings, stores and supermarket are built. Land is used in Agriculture to plant crops and rear animals.

Labour: labour has to do with human capacity for production to take place

Capital :this is financial resources or assets to offset production cost. Without capital, production cannot take place. There are variable cost, fixed cost and Total cost etc. Capital is used to settle the cost

Entrepreneur: An entrepreneur is the person who owns a business. He conceives the idea of a production process. He is a major decision taker. Controls the flow of production

grigory [225]3 years ago
6 0
The factors of production are:
Land 
Labor
Capital
Entrepreneurship

Hope this helps :)
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