Question

Explain the four factors of production which factor is most score and why ?

Answer 1

Answer:

4 factor are land, capital, labour, enterprineur

land has more score because it has more importance as it is base of production

Answer 2

Answer:

the first factor is land which is fixed and can be used for a longer period of time.

the second factor is labour

third is physical capital which is in fixed and working capital , fixed capital stays in the production process for long( more than one season) working capital gets used in the production process

last and the most important factor is human capital which is necessary to combine all the other factors as because land , labour and the physical capital can't become useful on their own.