Math, asked by sankalp2243, 6 months ago

explain the proper factors of production

Answers

Answered by cheonsa06

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 typically include land, labor, capital, entrepreneurship, and the state of technological progress.

Step-by-step explanation:

Examples

Land as a Factor

Labor as a Factor

Capital as a Factor etc...

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