__________
what are the four main factors of production?
Note : Copied answers won't be accepted!
all the best!
Answers
Answered by
5
The four main factors of production are:-
➡Land
➡Labor,
➡Capital,
➡Entrepreneurship.
Explanation:
HOPE IT HELP YOU
Answered by
6
The four main factors of production are as follows...
- The first requirement is land.
- The second requirement is labour. That is , people who will do the work.
- The third requirement is physical capital. That is, the variety of inputs required at every stage during production.
Physical capital has two types :-
- Fixed capital : Tools and machines.
- Working capital : Raw material and money.
◇ There is a fourth requirement , that is Human Capital.
Similar questions