the fourth kind
Factors of production
Free Enterprise
No, as it’s possible for the state to own some or most of the means of production. This would be state capitalism
There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.
If you privately own the means of production, you probably will 'produce capitalism.' The means of production: factories, machines, tools et. all. Classic factors: land, labor and capital stock (+ entrepreneurship).
Factors of production
Free Enterprise
No, as it’s possible for the state to own some or most of the means of production. This would be state capitalism
The four factors of production are: Natural resources Capital Labour Entrepreneurship.
There are four different factors of production and they are land, labor, capital and enterprise. These four factors are necessary in producing a commodity.
If you privately own the means of production, you probably will 'produce capitalism.' The means of production: factories, machines, tools et. all. Classic factors: land, labor and capital stock (+ entrepreneurship).
WHAT ARE THE FOUR FACTORS OF PRODUCTION FOR A CAR!? not land labor capital goods and entrepreneurship but what are the actual items
The four factors of production (land, labor, capital and entrepreneur) must all present if you wish to improve the economic level of production.
Capital
Australia's (and every other country) four factors of production are:LandLabourCapitalEntrepreneurship.Hope this helps
The remuneration of the four factors of production; land, labour, capital and enterprise are respectively, rent, wages, interest and profit.
Production factors are essentially the resources needed to produce something. The four generally recognized production factors are land, labor, capital, and either entrepreneurship or time, according to different economists.