Question

Which factors of production is more beneficial for the country? Why?

Answer 1

☆Answer☆

The factors of production are what's needed for a company to earn an economic profit. The four factors of production are:

• Land
• Labor
• Capital
• Entrepreneurship.

☆Explanation ☆

Land :

The land is any natural resource that's needed or used in the production of a good or service. Land can also include any resource that comes from the land such as oil, gas, and other commodities such as copper and silver. Typically, land includes any natural resource that's used as raw materials in the production process.

Labor

Capital refers to capital goods such as manufacturing plants, machinery, tools, or any equipment used in the production process. Capital might refer to a fleet of trucks or forklifts as well as heavy machinery.

Entrepreneurship

Labor consists of the people that are responsible for the production of a good, including factory workers, managers, salespeople, and the engineers that designed the machinery used in production.

Capital

Entrepreneurship is the fourth factor and includes the visionaries and innovators behind the entire production process. The entrepreneurs combine all the other factors of production to conceptualize, create, and produce the product or service.

☆Key Concept ☆

• The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy.

• The factors of production are land, labor, capital, and entrepreneurship, which are seamlessly interwoven together to create economic growth.

• Improved economic growth raises the standard of living by lowering production costs and increasing wages.

Answer 2

Explanation:

production of crops is very Ben for our country..

The production of new machines , for which people make factories and industries whose polluted air pollutes the air and increase global warming.

but the farming increase greenery in the environment which will make our planet earth beautiful and safe

it will also increase the economy of our country

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