ajaccson05
Answered

Discover the answers you need at Westonci.ca, a dynamic Q&A platform where knowledge is shared freely by a community of experts. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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 our answers were helpful. Return anytime for more information and answers to any other questions you may have. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.