which are the following factors of production?write about each in short?
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Hey friend!
The factors of production are:
◆ Land - refers to land, minerals and other gifts of nature
◆ Labour - people who are needed to do the work
◆ Physical Capital - fixed and working capital
◆ Human Capital - intelligence and enterprise
Thank you
The factors of production are:
◆ Land - refers to land, minerals and other gifts of nature
◆ Labour - people who are needed to do the work
◆ Physical Capital - fixed and working capital
◆ Human Capital - intelligence and enterprise
Thank you
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