Factors of Production(Land,Labor,Capital)

n/a
shares
Be First to Share ->
What's This?

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.

 
 
 
 


 

Comments

So empty here ... leave a comment!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sidebar