Question

Explain four factors of production.​

Answer 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.

Explanation:

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Answer 2

$\underline{\underline{\sf{Answer}}}$

⟹ 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.