有關Factors of Production 一問!

Entrepreneurs is the most important factor of production as he is the person to provide funding to start up or run a business. - Capital

In markets, entrepreneurs combine the other factors of production, land, labor, and capital in order to make a profit. Often these entrepreneurs are seen as innovators, developing new ways to produce and new products.Of course, just as with market entrepreneurs, the benefits may mostly accrue to the entrepreneurs themselves.

Labor is normally provide effort or force for production for goods or services. They are getting wages or salaries from the entrepreneurs. - Labor.

This is human effort used in production which also includes technical and marketing expertise. Labour can also be classified as the physical and mental contribution of an employee to the production of the good(s).