land
labor
capital
entrepreneur
discuss factors of production
The four factors of production (land, labor, capital and entrepreneur) must all present if you wish to improve the economic level of production.
Land, Labour, Capital, and Enterprise
Inputs are factors of production (land, labour, capital and entreprenuership) and output is the final good or service produced using the factors of production through a production process. Adding on, if per say you have 40 acres of land, you want to build on the acres, the input into that will take time and so will the output for the result. Another is say your are doing research where the person your doing research for has like 20,000 articles to input into .pdf format, this will take time and money also.
One way Charles Fourier tried to correct the ills of industrialization was by advocating for socialism. He wanted the factors of production to be owned by the citizens.
land- rent labour- wages capital- interests organisation- profit
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The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
FACTORS OF PRODUCTIONREWARDEXAMPLECapitalInterestMachinery, equipment, buildingsEntrepreneurshipProfitBusiness owner, factory ownerLandRentMineral deposits, soil, timber, water, land itselfLabourSalaries and WagesFarmworkers, miners, artisans, technicians
Factors of production
The most important resources or factors of production in economics (with their respective factor rewards in parentheses) are: Land (rent); Labour (wages); Capital (interest); Entrepreneurship (profit). These factors, combined with management and economic risk taking, combine with other factors (specific to the industry) to produce output.
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
mobility of factors of production
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There or not! ex: rewards, support, encouragment,
Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.