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What are the factors of production in management?

1) Capital and Capital Goods
2) Land and Resources
3) Labor
4) All of the above

User Topcbl
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1 Answer

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Final answer:

The factors of production in management are land, labor, capital, and entrepreneurship.

Step-by-step explanation:

The factors of production in management are land, labor, capital, and entrepreneurship. Land refers to the natural resources used in production, such as land for farming or oil deposits. Labor includes the human effort and skills involved in production. Capital refers to the tools, equipment, and buildings used in production. Entrepreneurship refers to the individuals who take risks and innovate to create new businesses.

User Cpatrick
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