19. What are the factors of production? Explain any two factors of production.
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Explanation:
The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
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Answer:production process to produce output—that is, finished goods and services.
Land, labor, and capital as factors of production
Explanation:
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