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Four factors of production.
Four factors of production.










four factors of production.

Land can never be moved and at the same time may be difficult to increase. While capital, labor and entrepreneurship remain flexible, land exhibits a unique characteristic of being fixed in supply. Land refers to all the natural resources that are found on the earth surface but are used in the creation of goods and services to satisfy human wants. This is the basis on which this paper is built. However, a decrease in the factors will likely lead to a fall in the production level. Where there is abundant presence of all the required factors of production in the right proportion, production is likely to increase. The purpose of this paper is to expand the reader’s knowledge in understanding how factors of production contribute to affect production. However effective production must be supported by constant availability of factors of production. Production is an important activity in the business environment for it ensures continuity by creating place and form utility for goods and services. This is seen especially in developed countries like Japan, China, India, United States, Britain, Ghana, Egypt, Qatar and etc. Countries whose economic resources are abundantly available coupled with robust existence of human resources would always achieve economic growth thorough its financial years. Adequate supply of factors of production would translate to better production and consequent provision of goods and services.












Four factors of production.