Answer :
Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. Land refers to natural resources, labor refers to work effort, and capital is anything made that is used to make something else.
Answer:
The factors of production are not affordable all of the time because of poor/wrong planing towards affording such factors.
Explanation:
The factors of production every business need to strive are mostly divided into groups which are : location, labor, capital and entrepreneurship.
- location: the location of a business is essential to the survival of that business because a wrongly placed business no matter how lucrative the business is, might lead to the business most likely failing to succeed.
- labor: every business have to consider the source and cost of labor before setting out properly and this is very vital as well because every business require some form of labor.
- capital: the capital of the business is like the lifeline of the business almost every business requires capital if not all so getting a reasonable source of capital is good way to start out
these factors are not always affordable all the time because most businesses fail to plan properly before embarking on a business venture