Explain the factors of production in detail
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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. ... The factors of production include land, labor, capital, and entrepreneurship.
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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.
The factors of production include land, labor, capital, and entrepreneurship.
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