Factors of production

[kayode10]

It can be very difficult for a label to take the place of an entrepreneur in the factors of production. The reason is that it will require different level of thinking in order to operate in either of the two sections.

 

[Jobiezue]

The factors of production are the constituents of production
Without them production cannot take place. The factors of production are as follows:
Land. It means a place where production takes place
Labour
Capital and
Entrepreneur
Can labour stay in place of entrepreneur?

There is no doubt that having labor in your business is one the important factor in your business because you are not going to do the business all by yourself as you need to have staff to work with.

 

[Justin]

You need machines for product, you need a lot of money to buy machines. You also need technical staff to operate machines. You need raw materials for production

 

[Good-Person]

Land, labor, or capital are basic factors, but you might also need the correct planning and strategy to produce goods. Reducing manufacturing cost along with maintaining the quality is the key to successful manufacturing of goods and products!

 

[joy101]

Production factors can be capital use to start up the business because we all need capital to produced those factors, so that them can work very well, so the factors are important.

 

[Ghost1]

The number one factor of production is capital. Without capital land is not possible without capital labour is not possible. Every other factors solely depends on capital

 

[Godspower]

The number one factor of production is capital. Without capital land is not possible without capital labour is not possible. Every other factors solely depends on capital

Without a doubt, capital is the major factor of production and every other factor depends on it. With sufficient capital, you can acquire land and skilled/unskilled labour for any business you want.

 

[Hrtbeat]

Land, labor, capital, and entrepreneurship: These are four generally recognized factors of production. Of course, in a literal sense anything contributing to the productive process is a factor of production

 

[greenie]

Production factors are perceived as particularly those sources of info whose wealth isn't outright, for example, certain common assets ( barometrical air, for instance). Furthermore, all in all terms, four central point are constantly viewed as in any creation cycle: land, work, capital, and association/information. So no it can't replace it.

 

[tyrim88]

The factors of production are the constituents of production
Without them production cannot take place. The factors of production are as follows:
Land. It means a place where production takes place
Labour
Capital and
Entrepreneur
Can labour stay in place of entrepreneur?

These are the factors that can actually drive na dmake production very possible,you will need the capital to push up what you are prospecting for,and then labour rather than entrepreneuship.

 

[Shigobad20201]

Land, labor, capital, and entrepreneurship: These are four generally recognized factors of production. Of course, in a literal sense anything contributing to the productive process is a factor of production

The four factors of production is land which is the most important thing needed followed by the people that will work for you which is the labour and the money needed which is the capital .

 

[Ronald]

The factors of production are the constituents of production
Without them production cannot take place. The factors of production are as follows:
Land. It means a place where production takes place
Labour
Capital and
Entrepreneur
Can labour stay in place of entrepreneur?

I don’t believe that any factor of production cannot be replaced because I think every single factor plays a pivotal role in ensuring that tasks get completed and productivity to reign overall in the workplace.

 

[Genie011]

The above factors stated in the prior threads are very important for production to take place
And if any of the factors are distorted , it would affect production significantly.

 

[tyrim88]

The factors that go to a large extent to affect the production of any goods,labour is very essential because without it it cannot be materialise,then capital,but what i do not understand is entreprenuer,is that part of the factors of production.

 

[Shigobad20201]

I don’t believe that any factor of production cannot be replaced because I think every single factor plays a pivotal role in ensuring that tasks get completed and productivity to reign overall in the workplace.

Well said , my point is that some factors of production cannit be replaced while some can be replaced and some can also be managed , all you need to do I make sure the end work is perfect .

 

[Immilash1]

You are right, just remainds me of my school day's, we all here are brought up by reproduction, if there's no reproduction that means there will be no human or any living organisms.

 

[Ronald]

Well said , my point is that some factors of production cannit be replaced while some can be replaced and some can also be managed , all you need to do I make sure the end work is perfect .

In my opinion, replacing or taking for granted any factor of production is tantamount to failure no matter what business is being managed. All 4 factors are vital in ensuring the administration if the enterprise.

 

[nana kwasi1]

When producing something, capital is crucial. Due to a lack of available cash, many would-be producers failed. The success of any production firm can be inferred from the fact that it is crucial to that success.

 

[Shigobad20201]

When producing something, capital is crucial. Due to a lack of available cash, many would-be producers failed. The success of any production firm can be inferred from the fact that it is crucial to that success.

When you are producing a particular product in your company , you need capital in order to start that particular product before you can start selling and making money in return .

 

[Alisco]

Talking about the factors of production simply means the mandatory requirements needed for production to accomplish which are: land, capital , labour and enterprenuer. Labour can't stand in for enterprenuer, enterprenuer comprises or knowledge and strategic business planning