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Factors of productionPage - IIHere, as I feel that existing grouping on Factors of Production can be improvised, I write this section.One should not take in as a final decision, all the improvisation and innovations done recently, or that newly come ones, just because they are new. One should analyse and cross examine. What you thought to be new, would have been the first step you had crossed, given in a more lucid writing style. Therefore, I think that my classification is not finale because it is new, but because it hands practical usefulness in using. To go on for a further reading, I would like you to see also the Unit 4 on Activity circle and starting point of economic activity, to apprehend more easily and exactly. To formulate a plan for analysing such an important concept, let us take into account all the existing beleifs. Thus the plan would be,
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In this page, I express, my idea on grouping pattern and also the steps through which I explain with comparision, my way of grouping the elements and the present way of grouping.
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