Factors Of Production Flashcards
1
Q
What are factors of production
A
This is the imputs that used to supply a good or service in economy
2
Q
Factors of production- land
A
(Natural rescources available for production)
3
Q
Factors of production- labour
A
( human input into production proces)
4
Q
Factor is production- enterprise
A
(Entrepreneur organises factors of production)
5
Q
Factors of production- capital
A
(Goods used to supply of production)
