Factors of Production(Land,Labor,Capital)

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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