The theory of factor pricing deals with the determination of the share prices of four factors of production, namely land, labor, capital and enterprise. In other words, the theory of factor pricing is concerned with the principles according to which the price of each factor of production is determined and distributed.

Capital is a factor of production that has been produced for use in the production of other goods and services. Office buildings, machinery, and tools are examples of capital. Natural resources are the resources of nature that can be used for the production of goods and services.

Explanation:

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factors of production. Land, labor, and capital resources, and entrepreneur; the four basic resources that are combined to create useful goods and services. natural resources.

There are three groups of these resources: land, labor, and capital. Example 1: A building is an example of a factor of production. Example 2: Denim fabric is an example of a factor of production. Definition: A way of allocating goods that favors those who get in line first and wait the longest.

Capital, as a factor of production, refers to. the tools and instruments used to produce other goods and services.

What are capital goods? goods that are bought by businesses to increase their productive resources. Examples: cranes and trucks.

Capital goods are goods used by one business to help another business produce consumer goods. Consumer goods are used by consumers and have no future productive use. Capital goods include items like buildings, machinery and tools. Examples of consumer goods include food, appliances, clothing and automobiles.