Factors of production
There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
The four factors of production earn the following income:Land earns rent.Labour earns wages.Capital earns interest.Entrepreneurship earns profit.Refer to "Factors of productions?" for the definition of each factor of production. This can be found at [ Factor_of_production]
Production factors are essentially the resources needed to produce something. The four generally recognized production factors are land, labor, capital, and either entrepreneurship or time, according to different economists.
Factors of production
The four factors of production are: Natural resources Capital Labour Entrepreneurship.
There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.
WHAT ARE THE FOUR FACTORS OF PRODUCTION FOR A CAR!? not land labor capital goods and entrepreneurship but what are the actual items
The four factors of production (land, labor, capital and entrepreneur) must all present if you wish to improve the economic level of production.
Australia's (and every other country) four factors of production are:LandLabourCapitalEntrepreneurship.Hope this helps
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
The four factors of production earn the following income:Land earns rent.Labour earns wages.Capital earns interest.Entrepreneurship earns profit.Refer to "Factors of productions?" for the definition of each factor of production. This can be found at [ Factor_of_production]
Production factors are essentially the resources needed to produce something. The four generally recognized production factors are land, labor, capital, and either entrepreneurship or time, according to different economists.
the fourth kind
the four factors of productions is dervied from the input of the production process.... they are landlabour capital and enterprise.
Discuss how the factors of production (natural resources, capital, human resources and entrepreneurship) have changed throughout the four eras of business.