Question

Define production and discuss factors of production. In brief​

Answer 1

Answer:

Factors of production is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit. These include any resource needed for the creation of a good or service. The factors of production include land, labor, capital and entrepreneurship.

Explanation:

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Answer 2

Answer:

Factors of production is an economic term that describes the input used in production of goods or services in order to make economic profit. These include any resources needed for the creation of a good or service. The factors of production include land, labour , capital and entrepreneurship