Economy, asked by TasmiyaFatimah, 9 months ago

can production activities be carried out in the absence of any one factor of production support your view with examples​

Answers

Answered by Nitinsingh192
4

Answer:

The resources (input) used to produce final products (output) are termed as factors of production.

In economic terms factors of production can be defined as inputs that are used for the production of goods or services with the aim to make economic profit.

The factors, of production are the resources that include land, labor, capital, and enterprise.

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