Question

Question 4: What are the factors that affect the productivity of resources?​

Answer 1

Environmental influences - The climate, soil, water supply, human actions and other environmental factors can also affect productivity. Costs - A large part of the cost of establishment and maintenance of production is labour. The next major cost is inputs such as fertilisers and pesticides.

Answer 2

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.