Social Sciences, asked by Priyanshu2boi, 7 months ago

19.Explain the land and capital as factors of production.​

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Answered by anveshadeshmukh68
4

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.

Answered by Anonymous
1

Answer:

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function

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