Factors of Production

38 terms

Introduction

3 terms

1. Factors of Production

21 terms

1.1 Land (Natural Resources) 1

1.2 Labour (Human Resources) 10

1.2.1 People as a Resource 2

1.2.2 Facilitators of Human Capital 2

Education and Training 0

Healthcare 0

Social and Cultural Influences 2

1.2.3 Challenges to Human Capital 1

1.2.4 India's Ancient Skill Heritage 4

1.3 Capital 4

1.4 Entrepreneurship 6

Case Study: The Man Who Dreamed Big for India — J.R.D. Tata 3

2. Technology: An Enabler of Production

6 terms

2.1 Technology Paving the Way for Accessing Knowledge, Skills, and Job Opportunities 2

3. How are the Factors Connected?

5 terms

4. Responsibilities towards Factors of Production

3 terms

Key Takeaways

0 terms