what are the main factor for production at good and services.
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Kulwantkaur6017:
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n markets, entrepreneurs combine the other factors of production, land, labor, and capital, to make a profit. Often these entrepreneurs are seen as innovators, developing new ways to produce and new products. In a planned economy, central planners decide how land, labor, and capital should be used to provide for maximum benefit for all citizens. Of course, just as with market entrepreneurs, the benefits may mostly accrue to the entrepreneurs themselves.
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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).
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Hey mate
....
here's ur answer....
the main factor for production at good and services are as follows...
1) Land factor
2) Water available
3) Resources
4) Electricity supply
5) Transportation.
Hope it helpsā¤
....
here's ur answer....
the main factor for production at good and services are as follows...
1) Land factor
2) Water available
3) Resources
4) Electricity supply
5) Transportation.
Hope it helpsā¤
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