Respuesta :

Answer:

Factors of production example for manufacturing pencil

Explanation:

Four factors of production are :

Land, Labour, Capital, Entrepreneur

Examples in case of manufacturing a pencil :

Land : Factory land required, Capital : Funds required for fixed factor (eg machine) & variable factor (eg  raw material - wood), Labour : People required to work on machines with raw material (wood), Entrepreneur : The person supplying managerial skills for pencil' enterprise operation.

  • When the Factors of production example for manufacturing pencil

The Four Factors of production are :

  1. Land,
  2. Labour,
  3. Capital,
  4. Entrepreneur

The Examples in the case of manufacturing a pencil are :

  • Example of Land: Factory land required,
  • Example of Capital: Funds required for fixed factor (eg machine) & variable factor (eg raw material - wood),
  • Example of Labour: People required to work on machines with raw material (wood),
  • Example of Entrepreneur: The person supplying managerial skills for pencil's enterprise operation.

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