Determine which factor of production each resource belongs to.
Answers
what is the question sorry not able to understand
Answer:
The four factors of production are land, labor, capital, and entrepreneurship They are the inputs needed for supply. They produce all the goods and services in an economy. That's measured by gross domestic product
Explanation:
land is short for all the natural resources available to create supply. It includes raw property and anything that comes from the ground. It can be a non-renewable resource. That includes commodities such as oil and gold. It can also be a renewable resource, such as timber. Once man changes it from its original condition, it becomes a capital good. For example, oil is a natural resource, but gasoline is a capital good. Farmland is a natural resource, but a shopping center is a capital good