WASSCE Economics · Production & Factors of Production
Factors of Production
Land, labour, capital, and entrepreneurship — their features and their rewards.
- lessons
- 2
- of study
- 13 min
- free to read
- 1
Across the topic: 7 sections · 2 diagrams
Topic content
Lessons in this topic
2 lessons · 13 min
- 1Land and labour6 minFree6 minFree
- 2Capital and the entrepreneur7 min Plan7 min Plan
- Capital
- The entrepreneur
- The four factors together
- Combining the factors
1 diagram
Learn factors of production step by step
Unlock both lessons on factors of production, plus every other WASSCE Economics topic, exam-style practice marked instantly and guided learning tools.
- Free account, no card needed
- Everything from 25 NLe
- No automatic renewal
More in Production & Factors of Production
All Economics topics- 02Production TheoryTypes of production, the production function, division of labour, and the law of variable proportions.1Types of production and division of labourFree2Total, average and marginal product; the law of diminishing returns6 min 2 lessons 13 min
- 03Concepts of Cost and RevenueFixed and variable costs, average and marginal cost, total and marginal revenue, with worked examples.1Fixed, variable, average and marginal costsFree2Revenue and profit maximisation7 min 2 lessons 14 min