The Four Factors of Production

By now we know about scarcity, resources, goods, and services. So how are scarce resources turned into goods and services? Via the four factors of production! These are land, labor, capital, and entrepreneurship. You may have an idea regarding what these entail, but there are some details that are very important which are often misunderstood. Let's get the scoop on these now!

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[rook]

amazing video! even my econ books did not talk the factors of production in such a simple yet detailed way. thank you! keep up the good work!

[Vishnuvardhan-ufuk]

Hi one thing I want to say to you,
Iam boosting my mark on chemistry very easily because of you sir, now thermodynamics practice problem are very for me sir and thank you so much sir and iam from Tamilnadu (INDIA).

[shahabbaloch]

I am desperately waiting for you further vedios of history of drug

[Irisarc]

Hey, Dave. I just finished reading your book. As a fan of science, I already knew a lot of that stuff but not all of it. It's always good to learn.
Good book. Thanks!

[oddjam]

The distinctions between some these categories are fairly arbitrary. Human capital and labour could easily be placed together, for example. Realistically there are two kinds of people: 1. entrepreneurs, who provide the money for the land & physical capital 2. Labors who create the products and provide human capital. That seems much simpler and makes way more sense.

[niemandwirklich]

the new animations and design really are spot-on

[goodguyamr]

yo i was having a hard time understanding this and this video helped so much. a huge thank you man

[chlorineismyperfume]

I'm loving this series, thank you. Back-to-basics and succinct!

[balammarebecca]

Thank you soo much for this video
This helped me in my exam a lot
The way you say is good enough to understand and write a lot of points

[lightningwolf]

'He knows a lot about all kinds of stuff, professor Dave explains'!!!

[judesongeorge]

Vow! it was a good information about factors of production, good presentation too.Expecting more tutorial videos from Economics and Business Studies.

[davideriel]

Thank you for presenting the material..🙏

[dheibeljr]

Such a simple video and idea to wrap your head around but over my short lifetime I have seen numerous government policies, projects, etc as well as group and individual projects fail as a direct results of either ignorance or blatant disregard for the requirements outlined in this video. But it isn't my job to assume the motives behind these failures.

[HappySimukonda-qlwe]

Hi I'm happy in mpulungu, I really appreciate your lecturing, continue with your services

[heinrichvon]

W explanation bro, really helped me a lot

[DANIELJURADOGUZMAN]

3:17 Am I the only one who saw the house from Big Hero 6?

[NEWLYHEWNED]

I wonder if Prof. Dave sees what we all see?... That there's a serious lack of political understanding; and how that effects our future for the worse?

[josephkaren]

Great video 👍😊 pls make more like it was really helpful.

[motaharislam]

Amazing tutorial ❤️❤️ thanks al lot 💞💞

[lwo]

Really good editing, the animated text is really engaging