explain how labour and capital are useful for production
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Human capital is the fourth requirement of production of goods and services. ... Factors of production is an economic term that describes the inputs that are used in theproduction of goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship.
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Answer. Human capital is the fourth requirement of production of goods and services. ... Factors of production is an economic term that describes the inputs that are used in theproduction of goods or services in order to make an economic profit. The factors of production include land, labor, capital and entrepreneurship
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