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1.3.1 nature and definition of factors of production: land, labour, capital and enterprise
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The Four Scarce Inputs

The Four Scarce Inputs

Factors of production are the scarce inputs that firms combine to make goods and services. Economists group all productive inputs into four categories: land, labour, capital and enterprise.

1.3.1 nature and definition of factors of production: land, labour, capital and enterprise Lesson

  1. Intl A Level
  2. /Economics
  3. /1.3.1 nature and definition of factors of production: land, labour, capital and enterprise

Step-by-step lessons on CIE Intl A Level Economics 1.3.1 nature and definition of factors of production: land, labour, capital and enterprise. Each one builds up to exam-style questions.

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