Economy, asked by priyasinha11bp9qpfz, 1 year ago

Define the factor of production. ​

Answers

Answered by Ysubramanyam
4

what is used in the production process to produce output—that is, finished goods and services. There are three basic resources or factors of production: land, labor, and capital.

priyasinha11bp9qpfz: explain
priyasinha11bp9qpfz: all factors
Ysubramanyam: land,labour, capital, organisation
Ysubramanyam: these are used in process of production
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