Economy, asked by kishanpanchal27, 5 months ago

Define production and discuss the factor of production.

Answers

Answered by s9b1544pintu6307

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.

Answered by DipaSaha12

Answer:

Production is the process of making from the components or raw materials.

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