Factors of production are four basic inputs for effective operation:
- natural resources
- human resources and
Factors of production means the resources used to provide goods and services: land, labor, capital, and entrepreneurship.
More from this Section
Partnership is an association of two or more persons to carry on as co-owners of a business ...
Sell-off is the transaction in which assets are sold by onefirm to another. ...
Diversity generally refers to the variety or multiplicity of demographic features that ...
- Grid computing