SlideShare a Scribd company logo
1 of 4
Factors of Production (Factor Inputs)
Factors of production are the inputs available to supply goods and
services in an economy.
Land Labour
Enterprise Capital
Natural resources
available for
production
The human input
into the production
process
Goods used in the
supply of other
products e.g. tech
Entrepreneurs
organise factors of
production and
take risks
Factor Inputs and Factor Rewards
Factor rewards describe the incomes that flow to each of the main
factors of production when there are brought into productive use.
Land Labour
Enterprise Capital
Rental income to
owners of land
Wages and salaries
from employment
Profits
Interest from
savings + dividends
from shares
Factor Inputs and Factor Rewards

More Related Content

What's hot

The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...clincy cleetus
 
Factors of Production (economics)
Factors of Production (economics)Factors of Production (economics)
Factors of Production (economics)vikram rajpurohit
 
Factor of production.
Factor of production.Factor of production.
Factor of production.Bikash Kumar
 
types of inflation and inflationary and deflationary gap
types of inflation and  inflationary and deflationary gap types of inflation and  inflationary and deflationary gap
types of inflation and inflationary and deflationary gap ayazmashori
 
Purchasing Power Parity
Purchasing Power ParityPurchasing Power Parity
Purchasing Power ParityAnshu Singh
 
Tobin's Portfolio demand for money
Tobin's Portfolio demand for moneyTobin's Portfolio demand for money
Tobin's Portfolio demand for moneyPrabha Panth
 
Factors of economic growth
Factors of economic growthFactors of economic growth
Factors of economic growthesample458
 
Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)tutor2u
 
6. joan robinson's model
6. joan robinson's model6. joan robinson's model
6. joan robinson's modelPrabha Panth
 
C03 Krugman Labor productivity and Comparative Advantage: The Ricardian Model
C03 Krugman Labor productivity and Comparative Advantage: The Ricardian ModelC03 Krugman Labor productivity and Comparative Advantage: The Ricardian Model
C03 Krugman Labor productivity and Comparative Advantage: The Ricardian ModelAsusena Tártaros
 
Factors of production powerpoint presentation
Factors of production  powerpoint presentationFactors of production  powerpoint presentation
Factors of production powerpoint presentationGift Zodwa Pheeha
 
Costs Of Production Micro Economics ECO101
Costs Of Production Micro Economics ECO101Costs Of Production Micro Economics ECO101
Costs Of Production Micro Economics ECO101Sabih Kamran
 

What's hot (20)

The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...The Heckscher-Ohlin theory of international trade/ Modern International Trade...
The Heckscher-Ohlin theory of international trade/ Modern International Trade...
 
Factors of Production (economics)
Factors of Production (economics)Factors of Production (economics)
Factors of Production (economics)
 
Factor of production.
Factor of production.Factor of production.
Factor of production.
 
Factor market
Factor marketFactor market
Factor market
 
David ricardo
David ricardoDavid ricardo
David ricardo
 
types of inflation and inflationary and deflationary gap
types of inflation and  inflationary and deflationary gap types of inflation and  inflationary and deflationary gap
types of inflation and inflationary and deflationary gap
 
Purchasing Power Parity
Purchasing Power ParityPurchasing Power Parity
Purchasing Power Parity
 
Tobin's Portfolio demand for money
Tobin's Portfolio demand for moneyTobin's Portfolio demand for money
Tobin's Portfolio demand for money
 
Production and growth
Production and growthProduction and growth
Production and growth
 
Factors of economic growth
Factors of economic growthFactors of economic growth
Factors of economic growth
 
Welfare economics
Welfare economicsWelfare economics
Welfare economics
 
concept-of-multiplier-
 concept-of-multiplier- concept-of-multiplier-
concept-of-multiplier-
 
Absolute advantage
Absolute advantageAbsolute advantage
Absolute advantage
 
Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)Production Possibility Frontier (Revision Presentation)
Production Possibility Frontier (Revision Presentation)
 
6. joan robinson's model
6. joan robinson's model6. joan robinson's model
6. joan robinson's model
 
Bilateral monopoly
Bilateral monopolyBilateral monopoly
Bilateral monopoly
 
Aggregate demand
Aggregate demandAggregate demand
Aggregate demand
 
C03 Krugman Labor productivity and Comparative Advantage: The Ricardian Model
C03 Krugman Labor productivity and Comparative Advantage: The Ricardian ModelC03 Krugman Labor productivity and Comparative Advantage: The Ricardian Model
C03 Krugman Labor productivity and Comparative Advantage: The Ricardian Model
 
Factors of production powerpoint presentation
Factors of production  powerpoint presentationFactors of production  powerpoint presentation
Factors of production powerpoint presentation
 
Costs Of Production Micro Economics ECO101
Costs Of Production Micro Economics ECO101Costs Of Production Micro Economics ECO101
Costs Of Production Micro Economics ECO101
 

Viewers also liked

Rent,wages,interest and profit
Rent,wages,interest and profitRent,wages,interest and profit
Rent,wages,interest and profitVikash Rathour
 
Scale of production (Micro economics)
Scale of production (Micro economics)Scale of production (Micro economics)
Scale of production (Micro economics)Seetal Daas
 
Pricing Power for Businesses
Pricing Power for BusinessesPricing Power for Businesses
Pricing Power for Businessestutor2u
 
Should Smaller EU Countries Join the Euro?
Should Smaller EU Countries Join the Euro?Should Smaller EU Countries Join the Euro?
Should Smaller EU Countries Join the Euro?tutor2u
 
Renewables and Free Goods
Renewables and Free GoodsRenewables and Free Goods
Renewables and Free Goodstutor2u
 
Ideas for Resources from the Open Web
Ideas for Resources from the Open WebIdeas for Resources from the Open Web
Ideas for Resources from the Open Webtutor2u
 
Regulations and Market Failure
Regulations and Market FailureRegulations and Market Failure
Regulations and Market Failuretutor2u
 
Introducing Zondle - Free Games for Learning
Introducing Zondle - Free Games for LearningIntroducing Zondle - Free Games for Learning
Introducing Zondle - Free Games for Learningtutor2u
 
A2 Macro: EU Context for the UK Economy
A2 Macro: EU Context for the UK EconomyA2 Macro: EU Context for the UK Economy
A2 Macro: EU Context for the UK Economytutor2u
 
What is Dynamic Efficiency
What is Dynamic EfficiencyWhat is Dynamic Efficiency
What is Dynamic Efficiencytutor2u
 
Using Game Theory in Your Economics Exams
Using Game Theory in Your Economics ExamsUsing Game Theory in Your Economics Exams
Using Game Theory in Your Economics Examstutor2u
 
OCR F85 Global Economy June 2016 Key Definitions
OCR F85 Global Economy June 2016 Key DefinitionsOCR F85 Global Economy June 2016 Key Definitions
OCR F85 Global Economy June 2016 Key Definitionstutor2u
 
OCR F585 Global Economy Extract 5
OCR F585 Global Economy Extract 5OCR F585 Global Economy Extract 5
OCR F585 Global Economy Extract 5tutor2u
 
Minimum Alcohol Price
Minimum Alcohol PriceMinimum Alcohol Price
Minimum Alcohol Pricetutor2u
 
Pollution Taxes and Externalities
Pollution Taxes and ExternalitiesPollution Taxes and Externalities
Pollution Taxes and Externalitiestutor2u
 
OCR F585 Economics June 2016 - Extract 4
OCR F585 Economics June 2016 - Extract 4OCR F585 Economics June 2016 - Extract 4
OCR F585 Economics June 2016 - Extract 4tutor2u
 
Consumer and capital goods
Consumer and capital goodsConsumer and capital goods
Consumer and capital goodstutor2u
 
Coefficient of price elasticity of demand
Coefficient of price elasticity of demandCoefficient of price elasticity of demand
Coefficient of price elasticity of demandtutor2u
 
Government Intervention - Subsidies
Government Intervention - SubsidiesGovernment Intervention - Subsidies
Government Intervention - Subsidiestutor2u
 
What does Google Do?
What does Google Do?What does Google Do?
What does Google Do?tutor2u
 

Viewers also liked (20)

Rent,wages,interest and profit
Rent,wages,interest and profitRent,wages,interest and profit
Rent,wages,interest and profit
 
Scale of production (Micro economics)
Scale of production (Micro economics)Scale of production (Micro economics)
Scale of production (Micro economics)
 
Pricing Power for Businesses
Pricing Power for BusinessesPricing Power for Businesses
Pricing Power for Businesses
 
Should Smaller EU Countries Join the Euro?
Should Smaller EU Countries Join the Euro?Should Smaller EU Countries Join the Euro?
Should Smaller EU Countries Join the Euro?
 
Renewables and Free Goods
Renewables and Free GoodsRenewables and Free Goods
Renewables and Free Goods
 
Ideas for Resources from the Open Web
Ideas for Resources from the Open WebIdeas for Resources from the Open Web
Ideas for Resources from the Open Web
 
Regulations and Market Failure
Regulations and Market FailureRegulations and Market Failure
Regulations and Market Failure
 
Introducing Zondle - Free Games for Learning
Introducing Zondle - Free Games for LearningIntroducing Zondle - Free Games for Learning
Introducing Zondle - Free Games for Learning
 
A2 Macro: EU Context for the UK Economy
A2 Macro: EU Context for the UK EconomyA2 Macro: EU Context for the UK Economy
A2 Macro: EU Context for the UK Economy
 
What is Dynamic Efficiency
What is Dynamic EfficiencyWhat is Dynamic Efficiency
What is Dynamic Efficiency
 
Using Game Theory in Your Economics Exams
Using Game Theory in Your Economics ExamsUsing Game Theory in Your Economics Exams
Using Game Theory in Your Economics Exams
 
OCR F85 Global Economy June 2016 Key Definitions
OCR F85 Global Economy June 2016 Key DefinitionsOCR F85 Global Economy June 2016 Key Definitions
OCR F85 Global Economy June 2016 Key Definitions
 
OCR F585 Global Economy Extract 5
OCR F585 Global Economy Extract 5OCR F585 Global Economy Extract 5
OCR F585 Global Economy Extract 5
 
Minimum Alcohol Price
Minimum Alcohol PriceMinimum Alcohol Price
Minimum Alcohol Price
 
Pollution Taxes and Externalities
Pollution Taxes and ExternalitiesPollution Taxes and Externalities
Pollution Taxes and Externalities
 
OCR F585 Economics June 2016 - Extract 4
OCR F585 Economics June 2016 - Extract 4OCR F585 Economics June 2016 - Extract 4
OCR F585 Economics June 2016 - Extract 4
 
Consumer and capital goods
Consumer and capital goodsConsumer and capital goods
Consumer and capital goods
 
Coefficient of price elasticity of demand
Coefficient of price elasticity of demandCoefficient of price elasticity of demand
Coefficient of price elasticity of demand
 
Government Intervention - Subsidies
Government Intervention - SubsidiesGovernment Intervention - Subsidies
Government Intervention - Subsidies
 
What does Google Do?
What does Google Do?What does Google Do?
What does Google Do?
 

More from tutor2u

Economics Enrichment Activities
Economics Enrichment ActivitiesEconomics Enrichment Activities
Economics Enrichment Activitiestutor2u
 
Trade Unions - Revision Evaluation
Trade Unions - Revision EvaluationTrade Unions - Revision Evaluation
Trade Unions - Revision Evaluationtutor2u
 
Revision on Economics of Public Goods
Revision on Economics of Public GoodsRevision on Economics of Public Goods
Revision on Economics of Public Goodstutor2u
 
Poverty Reduction Policies in Low Income Countries
Poverty Reduction Policies in Low Income CountriesPoverty Reduction Policies in Low Income Countries
Poverty Reduction Policies in Low Income Countriestutor2u
 
20 Key Facts on the UK Economy in 2019
20 Key Facts on the UK Economy in 201920 Key Facts on the UK Economy in 2019
20 Key Facts on the UK Economy in 2019tutor2u
 
Quantitative easing advantages_disadvantages
Quantitative easing advantages_disadvantagesQuantitative easing advantages_disadvantages
Quantitative easing advantages_disadvantagestutor2u
 
Monetary union
Monetary unionMonetary union
Monetary uniontutor2u
 
UK Economy Update_2019
UK Economy Update_2019UK Economy Update_2019
UK Economy Update_2019tutor2u
 
Supply-Side Policies (2019 Examples Update)
Supply-Side Policies (2019 Examples Update)Supply-Side Policies (2019 Examples Update)
Supply-Side Policies (2019 Examples Update)tutor2u
 
Applied Macro Examples for Economics Exams
Applied Macro Examples for Economics ExamsApplied Macro Examples for Economics Exams
Applied Macro Examples for Economics Examstutor2u
 
Microeconomics - Great Applied Examples for Exams
Microeconomics - Great Applied Examples for ExamsMicroeconomics - Great Applied Examples for Exams
Microeconomics - Great Applied Examples for Examstutor2u
 
Business Objectives and Stakeholders
Business Objectives and StakeholdersBusiness Objectives and Stakeholders
Business Objectives and Stakeholderstutor2u
 
Profit Satisficing
Profit SatisficingProfit Satisficing
Profit Satisficingtutor2u
 
Why Businesses Grow
Why Businesses GrowWhy Businesses Grow
Why Businesses Growtutor2u
 
Sizes and Types of Firms
Sizes and Types of FirmsSizes and Types of Firms
Sizes and Types of Firmstutor2u
 
The UK Productivity Gap
The UK Productivity GapThe UK Productivity Gap
The UK Productivity Gaptutor2u
 
Trade Unions with a Monopsony Employer
Trade Unions with a Monopsony EmployerTrade Unions with a Monopsony Employer
Trade Unions with a Monopsony Employertutor2u
 
Labour Market Failure (2019 Update)
Labour Market Failure (2019 Update)Labour Market Failure (2019 Update)
Labour Market Failure (2019 Update)tutor2u
 
Behavioural Economics Update 2019
Behavioural Economics Update 2019Behavioural Economics Update 2019
Behavioural Economics Update 2019tutor2u
 
Consumer surplus and price changes
Consumer surplus and price changesConsumer surplus and price changes
Consumer surplus and price changestutor2u
 

More from tutor2u (20)

Economics Enrichment Activities
Economics Enrichment ActivitiesEconomics Enrichment Activities
Economics Enrichment Activities
 
Trade Unions - Revision Evaluation
Trade Unions - Revision EvaluationTrade Unions - Revision Evaluation
Trade Unions - Revision Evaluation
 
Revision on Economics of Public Goods
Revision on Economics of Public GoodsRevision on Economics of Public Goods
Revision on Economics of Public Goods
 
Poverty Reduction Policies in Low Income Countries
Poverty Reduction Policies in Low Income CountriesPoverty Reduction Policies in Low Income Countries
Poverty Reduction Policies in Low Income Countries
 
20 Key Facts on the UK Economy in 2019
20 Key Facts on the UK Economy in 201920 Key Facts on the UK Economy in 2019
20 Key Facts on the UK Economy in 2019
 
Quantitative easing advantages_disadvantages
Quantitative easing advantages_disadvantagesQuantitative easing advantages_disadvantages
Quantitative easing advantages_disadvantages
 
Monetary union
Monetary unionMonetary union
Monetary union
 
UK Economy Update_2019
UK Economy Update_2019UK Economy Update_2019
UK Economy Update_2019
 
Supply-Side Policies (2019 Examples Update)
Supply-Side Policies (2019 Examples Update)Supply-Side Policies (2019 Examples Update)
Supply-Side Policies (2019 Examples Update)
 
Applied Macro Examples for Economics Exams
Applied Macro Examples for Economics ExamsApplied Macro Examples for Economics Exams
Applied Macro Examples for Economics Exams
 
Microeconomics - Great Applied Examples for Exams
Microeconomics - Great Applied Examples for ExamsMicroeconomics - Great Applied Examples for Exams
Microeconomics - Great Applied Examples for Exams
 
Business Objectives and Stakeholders
Business Objectives and StakeholdersBusiness Objectives and Stakeholders
Business Objectives and Stakeholders
 
Profit Satisficing
Profit SatisficingProfit Satisficing
Profit Satisficing
 
Why Businesses Grow
Why Businesses GrowWhy Businesses Grow
Why Businesses Grow
 
Sizes and Types of Firms
Sizes and Types of FirmsSizes and Types of Firms
Sizes and Types of Firms
 
The UK Productivity Gap
The UK Productivity GapThe UK Productivity Gap
The UK Productivity Gap
 
Trade Unions with a Monopsony Employer
Trade Unions with a Monopsony EmployerTrade Unions with a Monopsony Employer
Trade Unions with a Monopsony Employer
 
Labour Market Failure (2019 Update)
Labour Market Failure (2019 Update)Labour Market Failure (2019 Update)
Labour Market Failure (2019 Update)
 
Behavioural Economics Update 2019
Behavioural Economics Update 2019Behavioural Economics Update 2019
Behavioural Economics Update 2019
 
Consumer surplus and price changes
Consumer surplus and price changesConsumer surplus and price changes
Consumer surplus and price changes
 

Recently uploaded

The Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh KumarThe Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh KumarHarsh Kumar
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证rjrjkk
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...makika9823
 
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...First NO1 World Amil baba in Faisalabad
 
chapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trendschapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trendslemlemtesfaye192
 
Stock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdfStock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdfMichael Silva
 
Chapter 2.ppt of macroeconomics by mankiw 9th edition
Chapter 2.ppt of macroeconomics by mankiw 9th editionChapter 2.ppt of macroeconomics by mankiw 9th edition
Chapter 2.ppt of macroeconomics by mankiw 9th editionMuhammadHusnain82237
 
Vp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsAppVp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsAppmiss dipika
 
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证jdkhjh
 
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex
 
Tenets of Physiocracy History of Economic
Tenets of Physiocracy History of EconomicTenets of Physiocracy History of Economic
Tenets of Physiocracy History of Economiccinemoviesu
 
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]Commonwealth
 
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111Sapana Sha
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyTyöeläkeyhtiö Elo
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Roomdivyansh0kumar0
 
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办fqiuho152
 
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...Amil baba
 
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Sonam Pathan
 
Governor Olli Rehn: Dialling back monetary restraint
Governor Olli Rehn: Dialling back monetary restraintGovernor Olli Rehn: Dialling back monetary restraint
Governor Olli Rehn: Dialling back monetary restraintSuomen Pankki
 
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...Amil baba
 

Recently uploaded (20)

The Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh KumarThe Triple Threat | Article on Global Resession | Harsh Kumar
The Triple Threat | Article on Global Resession | Harsh Kumar
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
 
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
Authentic No 1 Amil Baba In Pakistan Authentic No 1 Amil Baba In Karachi No 1...
 
chapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trendschapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trends
 
Stock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdfStock Market Brief Deck for 4/24/24 .pdf
Stock Market Brief Deck for 4/24/24 .pdf
 
Chapter 2.ppt of macroeconomics by mankiw 9th edition
Chapter 2.ppt of macroeconomics by mankiw 9th editionChapter 2.ppt of macroeconomics by mankiw 9th edition
Chapter 2.ppt of macroeconomics by mankiw 9th edition
 
Vp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsAppVp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsApp
 
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
 
Bladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results PresentationBladex 1Q24 Earning Results Presentation
Bladex 1Q24 Earning Results Presentation
 
Tenets of Physiocracy History of Economic
Tenets of Physiocracy History of EconomicTenets of Physiocracy History of Economic
Tenets of Physiocracy History of Economic
 
Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]Monthly Market Risk Update: April 2024 [SlideShare]
Monthly Market Risk Update: April 2024 [SlideShare]
 
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111Call Girls In Yusuf Sarai Women Seeking Men 9654467111
Call Girls In Yusuf Sarai Women Seeking Men 9654467111
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
 
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
 
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
 
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
Call Girls Near Delhi Pride Hotel, New Delhi|9873777170
 
Governor Olli Rehn: Dialling back monetary restraint
Governor Olli Rehn: Dialling back monetary restraintGovernor Olli Rehn: Dialling back monetary restraint
Governor Olli Rehn: Dialling back monetary restraint
 
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
NO1 WorldWide Genuine vashikaran specialist Vashikaran baba near Lahore Vashi...
 

Factor Inputs and Factor Rewards

  • 1.
  • 2. Factors of Production (Factor Inputs) Factors of production are the inputs available to supply goods and services in an economy. Land Labour Enterprise Capital Natural resources available for production The human input into the production process Goods used in the supply of other products e.g. tech Entrepreneurs organise factors of production and take risks
  • 3. Factor Inputs and Factor Rewards Factor rewards describe the incomes that flow to each of the main factors of production when there are brought into productive use. Land Labour Enterprise Capital Rental income to owners of land Wages and salaries from employment Profits Interest from savings + dividends from shares