Economy, asked by jaspreetsingh8767, 6 months ago

Define factors of production.​

Answers

Answered by ShrutiReddy
4

Answer:

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.

Answered by HMChaudry1592
1

Explanation:

hi

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.

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