Economy, asked by singhrambo770, 2 months ago

Describe in brief the factors of production?

Answers

Answered by Anonymous

16

✍️A᭄NSWER✍️

ғᴀᴄᴛᴏʀs ᴏғ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴀʀᴇ ᴛʜᴇ ʀᴇsᴏᴜʀᴄᴇs ᴘᴇᴏᴘʟᴇ ᴜsᴇ ᴛᴏ ᴘʀᴏᴅᴜᴄᴇ ɢᴏᴏᴅs ᴀɴᴅ sᴇʀᴠɪᴄᴇs; ᴛʜᴇʏ ᴀʀᴇ ᴛʜᴇ ʙᴜɪʟᴅɪɴɢ ʙʟᴏᴄᴋs ᴏғ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ. ᴇᴄᴏɴᴏᴍɪsᴛs ᴅɪᴠɪᴅᴇ ᴛʜᴇ ғᴀᴄᴛᴏʀs ᴏғ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ɪɴᴛᴏ ғᴏᴜʀ ᴄᴀᴛᴇɢᴏʀɪᴇs: ʟᴀɴᴅ, ʟᴀʙᴏʀ, ᴄᴀᴘɪᴛᴀʟ, ᴀɴᴅ ᴇɴᴛʀᴇᴘʀᴇɴᴇᴜʀsʜɪᴘ.

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