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Will give ! and 20pts what are the factors of production in business? land, labor, and capital land,

Posted on October 23, 2021 By Jaylenmiller437 4 Comments on Will give ! and 20pts what are the factors of production in business? land, labor, and capital land,

Will give ! and 20pts what are the factors of production in business? land, labor, and capital land, capital, and interest land, labor, and customer base capital, customer base, and interest

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Comments (4) on “Will give ! and 20pts what are the factors of production in business? land, labor, and capital land,”

  1. ashleyaparicio7116 says:
    October 23, 2021 at 6:37 am

    Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. I know entreprenuership isn't on there, but i think you'll get the answer from the first three.

    Explanation:

    Reply
  2. darrieg says:
    October 23, 2021 at 6:17 pm

    im pretty sure its land labor and capital

    Reply
  3. PrincessKeliah8179 says:
    October 23, 2021 at 6:37 pm

    Land, labor, and capital

    Explanation:

    The factors of production are the resources that are used to produce goods and services.

    By definition resources are scarce.

    Land includes everything that comes from the land, that can be used as raw material to produce other materials; for instance, water, minerals, wood.

    Labor  is the work done by anybody, not just at a factory but at any enterpise that produce a good or a service. For instance, the work done by a person in a bank or a restaurant.

    Capital is the facilites (buildings), machinery, equipments, tools that the persons use to produce goods or services. For instance, a computer, a chemical reactor, or a pencil.

    Nowadays, also entrepreneurship is included as a factor of production, since it is the innovative skill of the entrepeneurs to combine land, labor and capital what permit the production of good and services.

    Reply
  4. breana758 says:
    October 24, 2021 at 12:10 am

    It is land labor and capital.

    Reply

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