Social Sciences, asked by yaswanthkumarvara22, 1 month ago

classify the factors of production and explain about them?​

Answers

Answered by jeevikabhandari7
3

Answer:

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. ... The second factor of production is labor.

Answered by sdilkash123
1

Answer:

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. The second factor of production is labor.

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