There are four factors of production - land, labour, capital and enterprise. Land The natural resources used to provide a good or service such as water, a plot of land, fields, fish or coal Labour ...
People have always been a valuable resource in the production of goods and services, but technology is now displacing many of them. (..... Capital. How to start your own business. It is knowledge. Why ...
Entrepreneurship is neither land, labor, or capital but most place entrepreneurs in the same critical category as more consistently identified factors of production. The factors of production ...
Economists have always told us that there are four factors of production, land, labour, capital and entrepreneurship. The first three are well known and written about. We all dream of owning land ...