List the three other factors of production: LABOUR - Leaving Cert Business - Question 12 - 2018

The three other factors of production, in addition to labour, are:

1. Land: This refers to all natural resources used in the production of goods and services, including agricultural land, mineral deposits, forests, and water.

2. Capital: This encompasses the tools, machinery, and buildings used to produce goods and services. Capital can be physical, like machines, or financial, which refers to the funds used to acquire those resources.

3. Enterprise: This factor involves the entrepreneurial abilities required to combine the other three factors of production effectively. It encompasses the skills and risk-taking capacities of the individuals who organize production.