Economy, asked by jhasoni2007, 10 months ago

discuss the four factors of production ​

Answers

Answered by InFocus
1

Answer:

Economists divide the factors of production into four categories:

  • land, labor, capital, and entrepreneurship.
  • The first factor of production is land, but this includes any natural resource used to produce goods and services.
Answered by gshanahmad8
2

The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic ...

Hope it helps you

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