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- The four factors of production are land, labor, capital, and entrepreneurship12. Here are some examples of enterprise factors of production123:
- Kang Thia Engineering Pte Ltd manufactures refrigeration parts using physical factories, compressors, condensers, evaporators, and refrigerants.
- Starbucks Corporation needs land, capital, and labor to produce and dispense coffee.
- Machines
- Tractors, spades
- Computers, Phone
- Office block
- Factory, Assembly line
- Public infrastructure – communication and roads needed to transport goods across the country.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Here's an example of how the four production factors work to help a company produce a product: Kang Thia Engineering Pte Ltd is a large organisation that manufactures a variety of refrigeration parts. It has several large physical factories where it produces compressors, condensers, evaporators and refrigerants.sg.indeed.com/career-advice/career-development/f…Another example of entrepreneurship is Starbucks Corporation (SBUX). The retail coffee chain needs land (prime real estate in big cities for its coffee chain), capital (large machinery to produce and dispense coffee), and labor (employees at its retail outposts for service).www.investopedia.com/terms/f/factors-production.aspExamples of factors of production
- Machines
- Tractors, spades
- Computers, Phone
- Office block
- Factory, Assembly line
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