What you’ll learn to do: list and explain the four factors of production required to sustain a business

When businesses use resources to produce things we call these factors of production. In this section we will examine the factors of production and see how they contribute to the outputs of a business.

The specific things you’ll learn in this section include:

  • List the four factors of production
  • Explain the four factors of production

License

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MGMT-1010: Introduction to Business Copyright © by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.