What are the four factors of production

Geography

2 answers:

irakobra [83]3 years ago

8 0

The four factors of production are land, labor, capital, and entrepreneurship. They are the inputs needed for supply.

Citrus2011 [14]3 years ago

7 0

Answer and explanation:

Factors of production is an economic term that defines the general inputs used for generating profitable goods and services. The factors of production consist of:

Land: the land itself and the raw materials of the land.
Labor: workers performing both physical and intellectual tasks to keep a company going.
Capital: refers to the buildings, equipment, and tools used in the manufacturing process, including social and intellectual capital.
Entrepreneurship: provides creativity and innovation in the use of certain factors that help to maintain a successful company.

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What are the four factors of production​

What are the four factors of production