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
- Lifestyle entrepreneur
Lifestyle entrepreneur is the person who starts a business to reduce work hours and create ...
- Organization marketing
Organization marketing is the marketing strategy that influences consumers to accept the ...
Discrimination-behavior directed toward individuals on the basis of their membership in ...
A tariff is a tax imposed on the purchase of imports. It is usually imposed in order to ...
Scheduling is a type of network application in which multiple users share a single appointment ...