Explain the factors of production (rewards for factors of production, the mobility of factors of production- geographical and occupational mobility, causes of changes in the quantity and quality of factors of production) PLEASE HELP!
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Most economists identify four factors of production. These are land, capital, labour and enterprise.
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factors of production are land, labour, capital and enterprise
the mobility of factors of production refers to the ease with which resources can be moved from one productive task to another
geograhical mobility is the ability to move factors of production between different locations while occupational mobility is the ability of a factor to move between different productive tasks
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