Which of the following is a factor of production
Asked by admin @ in Economy viewed by 328 People
.Which one of the following is a factor of production?
Answered by admin @
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land.
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