Question

Factors of production included what terms ?

Answer 1

Heya....

See here for the answer ....

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

It included...

-- Land ,, To set up the factory a land is required so it is first factor to production..

-- Labour ,, Labour is also needed to work for the owner to run the production..

-- Capital ,, To carry on investment in business capital is must ..

-- Entrepreneur ,, To owner all the production and to done all the necessary steps the owner is must..

Thank you

Answer 2

factors of production

Land (including all natural resources),

Labor (including all human resources),

Capital (including all man-made resources), and.

Enterprise (which brings all the previous resources together for production).

raw materials. any good used in manufactoring other goods.

labour. all physical and mental work needed to produce goods or services.

capital. ...

information. ...

entrepreneurship.