Factors of Production(Land,Labor,Capital)

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Factors of Production

  1. Land ( place of production )
  • Land tenure
  • Suitability (location of soil, size of land)

 

  1. labor ( work done )
  • Family labor
  • Hired labor

 

  1. Capital ( money reliance )
  • Agriculture bank
  • Commercial bank
  • Credit union

 

  1. Management
  • Combining the factors in order to get profit.

 

 

 

 


 

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