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JSS1: BUSINESS STUDIES - 1ST TERM

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  1. Introduction to Business Studies | Week 1
    4 Topics
    |
    1 Quiz
  2. The Office | Week 2
    4 Topics
    |
    1 Quiz
  3. The Clerical Staff | Week 3
    4 Topics
    |
    1 Quiz
  4. Right Attitude to Work | Week 4
    3 Topics
    |
    1 Quiz
  5. The Departments in an Office or Organisation | Week 5
    3 Topics
    |
    1 Quiz
  6. Introduction to Commerce | Week 6
    3 Topics
    |
    1 Quiz
  7. Division of Commerce | Week 7
    5 Topics
    |
    1 Quiz
  8. Production | Week 8
    5 Topics
    |
    1 Quiz
  9. Factors of Production | Week 9
    2 Topics
    |
    1 Quiz

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Topic Content:

  • Definition of Factors of Production

What are Factors of Production?

Factors of production are essential resources that make the activities of production possible. No productive activity can take place without any of them.

They are the different elements used in producing goods and services.

There are four factors of production:

 

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