Which are affected by the factors of production? Check all that apply.
Answers
Weather - unusual weather patterns, such as drought, a prolonged rainy season, early or late frosts and other factors can ruin crops and bring productivity down
The Capacity of a Given Farm - soil can't be forced to produce beyond capacity, although there are methods that can be used to improve production capacity, such as proper fertilizing to add nutrients to the soil so that it can support more crops
Pests occurred or not by certain weather conditions - in addition to spoiling crops, pests can add significantly to the costs of producing a crop.
Available Equipment - in regions where access to mechanized farm equipment is low, agricultural productivity can also be low as people handle their crops primarily by hand. This involves a big investment of time, energy and money and also limits the total capacity of the land
The Supply and Demand in the Market - farmers will adjust their activities to meet the needs of consumers and this can have an impact on agricultural productivity. In some cases, governments even pay subsidies to farmers to compensate them for not growing crops, which can skew productivity measures.
Explanation:
The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic factor