Respuesta :
There are four different categories or production in business, these are:
capital, labor, land and entrepreneurship.
Hope this helps.
capital, labor, land and entrepreneurship.
Hope this helps.
The correct answer is: "Factors of production are 4: land, capital, labor and entrepeneurship".
- Land: natural resources such as minerals, energy sources, urban or countrysde soil, etc.
- Capital: also called physical capital, is the human-generated factor of production and it is consituted by goods which are used for the production of other goods: machines, tools, facilities, infraestructures, etc.
- Labor: phsyical and intelectual skills of the people employed in a production process.
- Entrepeneurship: organizational skills to coordinate the other three factors of production with the final aim of producing goods and services.