What Are The 4 Agents Of Production? Explanation: The production of real estate requires the inputs of the four factors or agents of production: land, labor, capital, and entrepreneurship. What are the four production agents? The agents of production are commonly classed as Land, Labour and Capital. By Land is meant the material and the
What Are The 4 5 Factors Of Production? The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. What are the five factors of production? The factors
What Is A Production? Production is the process of making, harvesting or creating something or the amount of something that was made or harvested. An example of production is the creation of furniture. An example of production is harvesting corn to eat. An example of production is the amount of corn produced. noun. What are
What Is Production Give Example? Production is the process of making, harvesting or creating something or the amount of something that was made or harvested. An example of production is the creation of furniture. An example of production is harvesting corn to eat. An example of production is the amount of corn produced. What is
What Factor Of Production Is A Store? The physical store itself is a factor of production as it allows the retail clothing enterprise to distribute its goods and services, and to reach its customers. What are 5 factors of production? Economists call these resources the “factors of production” and usually refer to them as labour,
What Is The Basic Difference Between Two Factors Of Production Land And Capital Class 9? What is the basic difference between two factors of production-land and capital? Land is a natural resource whereas money is man-made. It is possible to increase capital, whereas land is fixed. What is the difference between two factors land and
What Is The Main Characteristics Of The Labor Factor Of Production? Some of the characteristics are: 1. Labour is original and indispensable factor of production 2. Labour is an active factor of production 3. Labour is perishable than any other commodity 4. What are the characteristics of the factors of production? The factors of production
What Is The First And Foremost Requirement For The Production Of Goods And Services? The first and foremost requirement for the production of goods and services is the land and other factors of production like labour and capital. What are the requirements for the production of goods and services explain? The four requirements of the