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Explain the relationship between the factors of production and how that creates a successful business.
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6 votes
6 votes
Explain the relationship between the factors of production and how that creates a

successful business.

User Aliakbarian
by
2.7k points

1 Answer

18 votes
18 votes

Answer:

Natural resources (land)

Labor (human capital)

Capital (machinery, factories, equipment)

Entrepreneurship

Step-by-step explanation:

nature is the first key of success like having a land to start up

labor is the teamwork needed support between all ( all for one, one for all)

capital is needed just like food, no money no business

Entrepreneurship: it depends on what is the idea of business you want, and how it really help the community

User Beril
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3.2k points
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