Business Studies, asked by ebinjoseph743, 5 months ago

factors of production explain each of its elements​

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Answered by madhugopi433
0

Answer:

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Answered by juraijkhan864
2

Answer:

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

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