Question

Write factors of production and write about working capital

Answer 1

Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship. These production factors are also known as management, machines, materials and labor, and knowledge has recently been talked about as a potential new factor of production.

Working capital is calculated as current assets minus current liabilities. If current assets are less than current liabilities, an entity has a working capital deficiency, also called a working capital deficit. ... The management of working capital involves managing inventories, accounts receivable and payable, and cash

I hope u get ur answer.

Answer 2

Answer:

Explanation:There are 4 factor s required for production:

1. Land- land is most important because with out land we can't even build the place required for production...

2. Labour - Labour is also equally important to work on the land and produce goods using Capital

3. Capital - these are the assets required at each stage of production. There are two types of capital...

Types of Capital

Fixed capital -machines,cars, etc which we require permanently.

Working capital - Money and Raw materials...which we need a new stock every time.