ajaccson05
Answered

Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Oil field worker would fall under which factor of production Land Labor Capital Entrepreneurs​

Sagot :

Tetew

Answer:

1st Factor

Explanation:

The first factor of production is land, but it does not just mean land but some common land or natural resources are water, oil, copper, natural gas, coal, and forests.

chilljain33

There are four types of factors of production, which include the labors. An oil-field worker would fall under the labor in terms of the factors of production.

What are the factors of production?

Factors of production are such factors that work combinely to work together to ensure that a business organization functions efficiently to achieve its goals.

Labor is such a factor of production, where a person or an individual undergoes physical or mental exertion in an organization with a view to earn in monetary terms.

An oil-field worker is also considered as a labor as he will undergo physical exertion to perform the duties and tasks being assigned to him.

Hence, an oil field worker would fall under the labor from the factors of production in an organization.

Learn more about factors of production here:

https://brainly.com/question/988852

We hope this was helpful. Please come back whenever you need more information or answers to your queries. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.