Question

which are the four main factors of productions

Answer 1

the four main factors of productions are land, labor, capital, and entrepreneurship. 

Answer 2

answer

Land :- This includes any natural resource used to produce goods and services.Some common land or natural resources are water , oil , copper, natural gas, coal and forests .

• Labour:- Labour is the effort that people contribute to the production of goods and services. Labour resources include the work done by the waiter who brings Your food at a local restaurant as well as the engineer who designed the bus that transports you to school .

• Capital:- Think of capital as the machinery, tools and building humans use to produce Goods and services. some common example of capital include hammers , forklifts, conveyer belts , computers and delivery vans .

• Entrepreneurship:- an entrepreneurship is a person who combines the other factors of production- land , labour and capital - to earn a profit .