Parameters which affects production of development,,,,,,,,,,

1. Factors of Production By-: ShubhamSinghal ChandrashekharBhardwaj

5. Factors of production means ‘inputs’ and finished goods means ‘output’.

6. Input decides the quantity of output i.e. output depends upon input.

9. 1)LAND

11. Cheap labour,

12. Water & electricity resources,

14. Labour is a resource which is used involved in every stage of production, either it is manufacturing or assembling, it affects production directly on indirectly.

15. Labourer can be classified as -:

16. Mental Labourer

19. In commerce subjects like O.C & S.P, Capital means finance or company's capital.

23. 2) Risk Bearing Function-: Entrepreneur has to bear risks and uncertainties. For facing uncertainties he may get profit or may incur loss. This is the 'Risk Bearing Function' and entrepreneur is the risk bearer.

25. Professional approach

26. Risk bearer

27. Decision Making