Topic:

Factors of production
Subject:
Economics
Class:
Bs psychology (4rth)
Submitted by:
Ansa razaq
Submitted to:
Ma’am Tabassum
Factors of production:
Production is the process of making, harvesting or
creating something or the amount of something
that was made or harvested by using the above 4
factors of production and the idea here is if you
want to produce anything.
Example:
As my business idea concerns with a leather
industry by using following factors;
1. Land [Natural Resource]
production of leather factory which requires a
proper area.
2. Capital
Machines
Tools
Leather
Threads
Financial aid
3. Labor
Man power
4. Entrepreneur
Industrial management by individual skills and
techniques.
So, for the effective business or goods
production all factors should be keep in view.
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