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
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.
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!👍
@@Alanisbusinessacademyha ha ha! Thank you so much for all the knowledge that you have shared to us. You're what my family would call "a blessing above blessings". Be safe. :)
@@Alanisbusinessacademyha ha ha! Thank you so much for all the knowledge that you have shared to us. You're what my family would call "a blessing above blessings". Be safe. :)
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.
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
You're welcome! Best of luck to you.
Who else is watching this because they have a test next week?
Good luck!
@@Alanisbusinessacademy thank you
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.
Never understood it in class so I went online so this video helped me alot
This is time travel from time code 2020 and this video is still useable. Thanks creator
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!👍
I would definitely give everyone honors for that!
@@Alanisbusinessacademyha ha ha! Thank you so much for all the knowledge that you have shared to us. You're what my family would call "a blessing above blessings".
Be safe. :)
@@Alanisbusinessacademyha ha ha! Thank you so much for all the knowledge that you have shared to us. You're what my family would call "a blessing above blessings".
Be safe. :)
Oh very well explained mate this will help me with my test tomorrow
Glad I could help. I hope your test went well.
same 😌 just 3 yrs later
This will help me with my test tomorrow too
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.
Money is also considered to be capital.
helped me for my exams thanks
What is enterprise is different from other factors of production such as land ,labour and capital
Thanks for your explanation, it has eased my learning. The best.
Nice bro.Amazing video
man thanks so much !! 😆 I need this so bad
would you please upload a video on mobility and immobility of factors of production
th-cam.com/video/6H21jyiE2Pw/w-d-xo.html
Anaya Shiraz, u can check here
can I ask how do these factors contribute to the satisfaction of individuals in society? pls I really need to know please help me
Can you plz show all summary of production
Do you have the script? I plan to use it for my team
Which app did u used sir for drawing
This is an old video, but I believe I was using an iPad (probably iPad 2 😂) along with a simple drawing app that’s likely no longer around.
@@Alanisbusinessacademy okay XD
Thanks
Thank u sm
Vry helpful
Kulvant Sodhi *very
@@vamp4104 bruh
Many thanks
You're welcome!
ok
Thanks a lot
You're very welcome Sandeep.
Grade 8 anyone?
I UNDERSTAND WELL THIS BAD BOi
Such dude
English me bhol Ra hai thik hai par aache se to bol le kuch samajh me bhi nahi aa raha
Sahi hai kuch samajh me bhi na aaro
bhag shala
Ye uska accent hai, aur mujhe to ekdam saaf samajh aagaya bhai ! Dont blame others for what their accent is, rather focus on adjusting with it mate !
@@yadavujjwal4929 th-cam.com/video/6H21jyiE2Pw/w-d-xo.html
me
Fake
??
Labour not labor
Labour(British) and Labor(American)
its true