class 9 economics which is not classified as the factors of production
Answers
Answered by
0
Answer:
In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service. Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages.
Answered by
0
Answer:
goods and services we use are made available to us through production.
Explanation:
there are four factor of production i.e., land, labour ,physical capital and human capital
Similar questions