Question

9. what are the four factors of production?
each
one
line

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Answer 1

Answer:

Land/Natural Resources

Labor.

Capital. ...

Entrepreneurship.

Answer 2

Answer:

The four factors of production are:

1. Land

2. Labour

3. Physical Capital

4. Human Capital

Step-by-step explanation:

Land- This is where the product is produced

Labour- This is what is used to produce any favorable product

Physical Capital- These are the inputs used to make a favorable output.

Human Capital- This is the superior-most factor of production. It is often the entrepreneur who is the human capital. The human capital contributes the country's GDP.