The Best Factors Of Production And Their Rewards 2022. The sandy soil with low rainfall always yield less but it is not so in cause of black cotton soil. Here are the rewards for the factors of production:
Indicate the reward associated with each of the factors of production from www.atikaschool.org
The factors of production and their rewards 1. These are the various factors by mean any resource is transformed into a more useful commodity or service. The sandy soil with low rainfall always yield less but it is not so in cause of black cotton soil.
Economists Say The Rewards For Factors Of Production Are:
Factors of production are the resources people use to produce goods and services; Rent is a reward for land. Rent rent is a reward for land.
Rent As Compensation For Land;
Factors of production are inputs into the productive process. Wages for the use of labor; Specific and nonspecific factors of productions these are.
Factors Of Production And Their Rewards:
Answered mar 2, 2020 by sonasingh (64.6k points) selected mar 2, 2020 by randhir01 best answer the four factors of production are land, labour, capital, and. The sandy soil with low rainfall always yield less but it is not so in cause of black cotton soil. It also explains the mobility and unemployment of these factors of production, their allocation and.
To Summarize, Land, Labour, Capital, And Entrepreneurship Are The Four Factors Of Production Needed For Any Economic System To Operate Efficiently.
The factors like soil, climate, rainfall, topography influence the productivity. Modern economics considers time and information also part of these factors. Land is rewarded by rent capital rewarded by interest entrepreneurship rewarded by profit labor rewarded by.
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There are 4 basic factor of production and their rewards which include land, labour, capital and entrepreneur. Concepts for students of agriculture and the rural sector. Economists say the rewards for factors of production are:
