Question

factors of production

Answer 1

There are many factors of production . Some of the factors are mentioned below

Answer 2

★FACTORS OF PRODUCTION★

Factors of production are those factors who are used up in the process of production and keep the work continue.

It includes :-----

✧✧Land → To set up the factory a land is required, so it is the first factor of production(including all natural resources).

✧✧Labour →Labour is also needed to work for the owner yo run the production (including all human resources).

✧✧Capital →To carry on investment in businesses capital is must (including all manmade Resources).

✧✧Entrepreneur →To owner all the production and to done all the necessary steps the owner is must.