Factors of production

Assignment 2

The problem of most industrialized and industrializing economies is on how to coordinate and integrate all the elements and other factors of production for proper socio-economic development. In the light of the statement above, examine and analyze what constitute requisite elements used in making production of consumables for human satisfaction and state in categorical form what management as a factor of production, management as an economic resource and management ideas as capital in production to offer insight and suggestions to policymakers. To be submitted on 13th November 2020