Question

Discuss the various factors affecting production?​

Answer 1

Answer:

The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. ... The second factor of production is labor.

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Answer 2

Answer:

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship

ii. Whether they work full or part time. For example, more people in the UK work part time than those in France.

iii. The duration of over-time.

iv. The length of holidays availed by workers.

Explanation:

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