What are the factors of production and their relevance in agribusiness?
The land
The work
The capital
Technology and knowledge
The land includes physical space, soil, subsoil, and natural resources.
The work refers to the contribution of individuals in the production of goods or services.
The capital is made up of durable goods that are used as means for the production of goods and services.
Technology and knowledge contribute to the creativity, ingenuity, innovation, and acquisition of new knowledge for the improvement of production processes.