Question

do you think labour is time consuming as compare to other way. Write the name of that factor​

Answer 1

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. The state of technological progress can influence the total factors of production and account for any efficiencies not related to the four typical factors.