Factors of production

Factors of production:

Human activity can be split down into two components, production and consumption. Whenever there is production, a procedure of transformation occurs. Inputs are transformed into an output. The inputs are categorized and termed to as land, labor, & capital. Together the inputs are termed as factors of production.

Whenever the factors of production are joined in order to generate something, a fourth factor is needed. Goods and services do not generate themselves however require some conscious thought procedure in order to plan and implement manufacture. This thought procedure is frequently termed as entrepreneurship or organization.

Factors of production refer to such goods and services that help in the productive procedure.


Latest technology based Economics Online Tutoring Assistance

Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Production help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Production, project ideas and tutorials. We provide email based Production help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Production. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Economics Homework help and assignment help services. They use their experience, as they have solved thousands of Economics assignments, which may help you to solve your complex issues of Production. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.

2015 ┬ęTutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.