what are 4 main factors of production along with definition first to answer correctly will be marked brainle
Answers
Answer:
the four main factor of production are labour,land ,capital and organisation also referred as human capital
Explanation:
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capital can further be fived into working and fixed capital..
Explanation:
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Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. ... The income that resource owners earn in return for land resources is called rent.
The Four Types of Resources. Resources are the Land , Labor , Physical Captial , Human Capital , and Entrepreneurship . Land -The land that we use in the production of goods and services.
Factors of production is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit. ... The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress
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