Question

factor of production which can be used in production over many year is known as​

Answer 1

Answer:

factor of production which can be used in production over many years is known as economic input.

Answer 2

Factor of production which can be used in production over many year is known as​ fixed inputs.

1. Fixed inputs are durable in nature i.e. they do not get diminished by one time consumption.
2. This includes machines, tools, land etc.
3. They are also known as fixed capital.
4. They are important for long term in business.
5. In short term they do not change as the output is decreased or increased.