Intro to business 350-500 word essay

What are the factors of production? Is one factor more important than the others? If so, which one? Why?

………………..Answer Preview……………..

Factors of production are resources available to help acquire goods and services. They include land, labor, capital and entrepreneurship. Each factor of production has got a reward. Land is a basic factor of production in which it refers to the geographical area where production process takes place. Land in this case is characterized by not having mobility. This means that land cannot be moved from one place to another. Rents…

APA

419 words