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What is the difference between labour and entrepreneurship as factors of production?
Wiki User
∙ 12y ago
Labour is human physical and mental effort directed in a production process, and the reward for it is wage or salary. Entrepreneur is a self-driven factor employing all aspects of making a given product. Profit is the reward for that endeavor.
Wiki User
∙ 12y ago
Gokage224
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What is the relationship between factors of production and entrepreneurship?
The characteristics of entrepreneurship as factor of production include capital, which is the money needed to start the business. Any part of the business that has to do with the money is a characteristic of entrepreneurship.
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
What is Considered one of the primary factors of production plus?
Entrepreneurship
Four basic factors of production?
Land, labor, capital, and entrepreneurship.
What is the relationship between factors of production and entrepreneurship?
The characteristics of entrepreneurship as factor of production include capital, which is the money needed to start the business. Any part of the business that has to do with the money is a characteristic of entrepreneurship.
What are the five factors of production?
The Five factors of production are:Land, Labor, Capital, Entrepreneurship and Knowledge-Land-Labor-capital-entrepreneurship-natural resources
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
What are four factors of production?
Labour Land Capital Entrepreneurship
What are the four factors of production in making steel?
The four factors of production are: Natural resources Capital Labour Entrepreneurship.
Which factors of production earn the most income in Pakistan?
Entrepreneurship
What is Considered one of the primary factors of production plus?
Entrepreneurship
Factors of production history?
Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.
Four basic factors of production?
Land, labor, capital, and entrepreneurship.
What is the goal of entrepreneurship?
use the factors of production to create something of value
What is land and natural resources labor capital and entrepreneurship?
Factors of Production
What are the four factors of production of a car?
WHAT ARE THE FOUR FACTORS OF PRODUCTION FOR A CAR!? not land labor capital goods and entrepreneurship but what are the actual items
