Which is the most important factor of production

Asked by admin @ 29/08/2021 in Social Sciences viewed by 473 People

What are factors of production? which is the most important and why?

Answered by admin @ 29/08/2021

The factors of production are
1)Land
2) Labour
3)Human capital
4) Physical capital
Human capital is the most important factor of production because you will need knowledge and enterprise to be able to put together land,labour and physical capital to produce an output either to use yourself or sell in the market.Moreover,all the factors of production will be of no use if there is no investment in human capital.

Why is human capital the most important factor of production

Asked by admin @ 06/08/2021 in Geography viewed by 315 persons

Why is human capital the most important factor of production?

What is the most important factor contributing to wrongful convictions

Asked by admin @ 05/11/2021 in Social Studies viewed by 271 persons

_______ is one of the most important factors in wrongful convictions in death penalty cases, accounting for nearly a third of the wrongful convictions discovered in the Innocence Project study.

What is the most abundant factor of production

Asked by admin @ 25/08/2021 in Social Sciences viewed by 325 persons

Which is the most abundant factor of production?

Factors of production class 9

Asked by admin @ 24/08/2021 in Economy viewed by 352 persons

Explain the four factors of production (for class IX)

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Which is the most abundant factor of production? WHY

Is the most important factor of management information system

Asked by admin @ 23/08/2021 in Computer Science viewed by 328 persons

..... is an important factor of management information system. A) SystemB) DataC) ProcessD) All

Why is liability an important factor in any business

Asked by admin @ 20/08/2021 in Business Studies viewed by 436 persons

Why is liability an important factor in any business?

Which factor is important for development of one's personality

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Which factor is important for development of one's personality ? Justify it with examples?

How do biotic and abiotic factors affect crop production

Asked by admin @ 10/08/2021 in Biology viewed by 341 persons

How do biotic and abiotic factors affect crop production?

User experience is an important consideration for any product because

Asked by admin @ 02/08/2021 in Computer Science viewed by 499 persons

User experience is important consideration for any product because 1)It has impact on project cost &effort 2)it makes the product easier to use 3)all the option 4)It makes the product …

These factors make the danube river important to eastern europe

Asked by maham237 @ 30/05/2021 in Geography viewed by 315 persons

It connects Central and Eastern Europe. It contains large deposits of petroleum. It is an important trade route. It is used for transportation. It runs north and south.