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Factors Of Production2009 4

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Factors of Production Foundation Economics BIMTECH June 2009
Production ,[object Object],[object Object],[object Object],[object Object]
Production (contdā€¦.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Production (contdā€¦.)
Factors of Production ,[object Object],[object Object],[object Object],[object Object],INPUTS Factor Inputs Non - Factor Inputs Land Labor Capital Enterprise Raw Materials and other goods from other producing units Some economists prefer to classify factors of production in two broad categories : Labor (Includes services of workers and entrepreneurs) Capital (Land + Building plant + machinery etc.)
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Division of Labor ,[object Object],[object Object],[object Object],[object Object],[object Object]
Division of Labor ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Capital ,[object Object],[object Object],[object Object],[object Object]
Classification of Capital ,[object Object],[object Object],[object Object],[object Object]
Classification of Capital ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Enterprise ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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