CHAPTER I : PART 2

This category sometimes extend over all natural resources. It is extended to represent the contribution to production of nonhuman resources or found in their original, unimproved form

• Land

• Labor

• Capital

• Entrepreneurship

The classical ' labor theory of value' was an innovative theory in response to the physiocratic doctrine that only land could yield surplus

• Labor

• Land

• Entrepreneurship

• Capital

The most controversial of factors is variously defined as produces equipment as finance used to acquire produced equipment.

• Capital

• Labor

• Land

• Entrepreneurship

This function was assigned to capitalist and frequently conflated with capital

• Entrepreneurship

• Labor

• Land

• Capital

Write the Three Broad Purpose of Economic Resources

It includes input ( consumed ) and output ( produced ) resources for each process stage, as well as the sequence of processes required for production

Comprises a linked set of widely ranging activities and focusing more on ideal plan from resource planning, hardware/software, manpower etc.

• The Production System Design

• The Production System Model

• The Production Model

An act of either manufacturing or growing of goods generally in bulk of trade.

Process that puts intangible inputs, like ideas, creativity, research, knowledge etc

• Production

• System

• Production System

An arrangement or assembly of inter dependent processes activities that are based on some logic and function. It operates as a whole and is designed to achieve some objective

• System

• Production

• Production System

It utilizes material funds, infrastructure, and labor to produce the required output in form of good. It is the methods and procedures used to produce goods for the market

• Production System

• Production

• System