Factors of production

[EMMANUEL]

entrepreneurship
the willingness to undertake the organization and management of a product with all risks,while seeking a profit as a reward
capital
money invested in a business, you need to purchase items needed to operate business operations

 

[marky]

The components of creation can be supposed to be all things ued in delivering or assembling merchandise and services..

 

[Denuola]

Factors of production are the resources people use to produce goods and services. They are the building block of the economy.
They are 4; land , labour, capital and entrepreneur.

 

[Adesuwa]

Factors of production are the resources people use for produce goods and services; they are the building blocks of economy. Economist divide the factors of production into four categories: land, labor, capital e.t.c.

 

[Philip Omotayo]

A lot of factors are responsible for production among which we have capital. The soul of any business is capital. Without capital there won't be any goods to sell. Secondly, without land, they won't be where the company would be situated. Land is an essential factor of production. In carrying out production, labour involvement cannot be overemphasized. The labours carries out the production. They market the goods, handles the machine, etc.

 

[Tariq Shehzad]

The Production factors are seen as especially those wellsprings of information whose abundance isn't inside and out, for instance, certain regular resources ( barometrical air, for example). Moreover, all things considered terms, four essential issue are continually seen as in any creation cycle: land, work, capital, and affiliation/data. So no it can't supplant it.

 

[iamgroot]

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?

One of the most vital in production is labor or workers. Without them, how can you produce your product? Even though we are in modern technology and human machines and modern equipments are capable, it is still ok to have a human production worker. The machine is brainless, it can go crazy at any time and cause accidents.

 

[Achawaskey]

I don't think so, because you need labour in other to drive entrepreneur. Entrepreneur is always one man business, even as the owner he still works and can also be regarded as labour too.

 

[arrain3786]

The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic ...

 

[Atif3786]

natural resources. everything that is made of natural materials.
raw materials. any good used in manufactoring other goods.
labour. all physical and mental work needed to produce goods or services.
capital. ...
information. ...
entrepreneurship.

 

[Adetayo100]

Factors of production are the resources people use to produce goods and services, they are the building blocks of the economy. Economists divide the factors of production into four categories which are land, labor, capital, and entrepreneurship.
[automerge]1612313256[/automerge]
Factors of production are the resources people use to produce goods and services, they are the building blocks of the economy. Economists divide the factors of production into four categories which are land, labor, capital, and entrepreneurship.

 

[Sarfraz Ali123]

Long ago, when the first human beings walked the earth, they produced food by picking leaves or fruit off a plant or by catching an animal and eating it. We know that very early on, however, they began shaping stones into tools, apparently for use in butchering animals. Those tools were the first capital because they were produced for use in producing other goods—food and clothing.

 

[Hamza1999]

Though the number and variety of the different resources businesses require is limitless, economists divide the factors of production into three basic categories: land, labor, and capital. Land refers to all of the natural resources that businesses need to make and distribute goods and services.

 

[Herzhan]

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?

No, there is difference between Entrepreneur and Labour. Labour works for entrepreneur. Labour can only make money for Entrepreneur. There is much difference between both labour and Entrepreneur. Entrepreneur guides, control and monitors all factors of production

 

[Greatguy1]

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?

Then who direct affairs and make things happen. Labor cannot replace an enterpreneur because you never is looking for his daily wage what do enterpreneur is it on the eye and sole of the business. Replacing an entrepreneur with a labourer is akin to killing the business before it start.

 

[Hamza1999]

There are four factors of production i.e. land, labour, physical capital and human capital. The first requirement for production is land. Land as a production factor also includes other natural resources like water, forests and minerals found in the earth's crust.

 

[Nabeel119]

The natural resources available to us can be expanded in three ways. One is the discovery of new natural resources, such as the discovery of a deposit of ore containing titanium. The second is the discovery of new uses for resources, as happened when new techniques allowed oil to be put to productive use or sand to be used in manufacturing computer chips. The third is the discovery of new ways to extract natural resources in order to use them. New methods of discovering and mapping oil deposits have increased the world’s supply of this important natural resource.

 

[Nathaniel]

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

 

[Azhar119]

The interplay of entrepreneurs and technology affects all our lives. Entrepreneurs put new technologies to work every day, changing the way factors of production are used. Farmers and factory workers, engineers and electricians, technicians and teachers all work differently than they did just a few years ago, using new technologies introduced by entrepreneurs.

 

[Doradorwa]

Factors of production is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit.These include any resource needed for the creation of a good or service. The factors of production include land, labor, capital and entrepreneurship. The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors.