The Factors of Production

The factors of production are four different elements that businesses need to thrive in an economic system. In this video,​ I'll describe the factors of production and explain their importance.

[zaneseason]

Who else is watching this because they have a test next week?

[vivaphayanoi]

I'm currently learning business and learning about this and this video is very helpful and makes me understand a lot of what is the factor of production. Thank you Alanis Business Academy

[tyleravery]

It is important to remember, future entrepreneurs, that you still need to buy these factors. Also, if the business is not massive, you might not make big profit; so it's best to have a backup plan for in case your business starts to go bankrupt.

[brofuzz]

Oh very well explained mate this will help me with my test tomorrow

[tshepisoesther]

Never understood it in class so I went online so this video helped me alot

[danzillaVd]

This is time travel from time code 2020 and this video is still useable. Thanks creator

[nthperson]

More important is to understand that land (i.e., nature) is a passive factor of production. Political economists going back to Richard Cantillon treated land as the source of individual wealth. Thus wealth was something that had to be produced by labor with or without the assistance of capital goods. Land is, then, the Commons from which wealth comes. When land is treated as private property without requiring those who control land to compensate the community (by the payment of the full potential annual rental value of the locations controlled) what occurs is a redistribution of wealth from producers to non-producer rentiers. Acknowledging this problem, the French political economists known as Physiocrats called to an 'impot unique' charged to land owners, eliminating the taxation of producers altogether.

[estherssyandya]

Thanks for your explanation, it has eased my learning. The best.

[Zohirul-Jewel]

Money is also considered to be capital.

[jesseeugene]

man thanks so much !! 😆 I need this so bad

[DrXJ]

If only our campus makes it compulsory for every new student to create a gmail account for the sole purpose of subscribing to this channel.. ALL WILL GRADUATE WITH HONORS!🤘🤘
U ROCK!👍

[anayashiraz]

would you please upload a video on mobility and immobility of factors of production

[sixipitu]

What is enterprise is different from other factors of production such as land, labour and capital

[tsovanessa]

Do you have the script? I plan to use it for my team

[hambelelauupindi]

Can you plz show all summary of production

[GRACE-efbf]

can I ask how do these factors contribute to the satisfaction of individuals in society? pls I really need to know please help me

[yadavujjwal]

English me bhol Ra hai thik hai par aache se to bol le kuch samajh me bhi nahi aa raha