You need resources to produce goods and services. Relative to the needs and wants of businesses and people, however, the economic resources to produce them are finite, and therefore subject to ...

Factors of production include land, labor, capital, and entrepreneurship. These factors interact to create goods and services in a capitalist economy. Understanding these factors helps identify ...

The factors of production are the inputs used to produce a good or service in order to produce income. Economists define four factors of production: land, labor, capital and entrepreneurship. These ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Entrepreneurship involves organizing production, taking risks, and exploring ...

Classical economic theory defines the factors of production as the three broad categories of input -- capital, labor and land (or natural resources) -- that contribute to the production of finished ...

By Prof. Kwaku APPIAH-ADU (PhD, FGA) &Thomas Nana KWANTWIIf Henry Ford were dropped into Accra, Abidjan, Lagos or Nairobi, today, he might struggle to recognize the tools of modern wealth creation. He ...