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Well you could modify land in order to make it more productive to the task. If it is an agricultural enterprise,you could till land. You could also provide government incentives for utilization of land for specific purposes - for example some governments may give tax breaks if certain parcels of land are used for a particular industry by private enterprise.

Labor can be improved by better education and training supported by government policies.

Capital would be improved by making more fixed investment - producing certain kinds of machines, quality control standards etc.

Enterprise can be encouraged by attracting foreign direct investment or inciting MNCs to invest in your country. Incentives can also be given to entrepreneurs.

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10y ago
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11y ago

not important ignore

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9y ago

Factor Payments

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Q: What are the influences on the factors of production?
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