FACTORS OF
PRODUCTION.
Hey Guyz, Happy Wednesday to you. Congratulations
for being selected to be in the Land of the Living today. Hope this day brings
you Joy unspeakable in all areas of your life. We are continuing from where we
stopped in Econs. 101 with the above topic, so let’s get started.
Factors
of Production refer to Agents, Components or
resources which are combined together to produce goods and services. There are
four factors of production namely:
a. Land
b. Labour
c. ...
