Question

How many factors of production are there? Write about each in short.

Answer 1

Answer:

It's time to wrap things up, but before we go, always remember that the four factors of production - land, labor, capital, and entrepreneurship - are scarce resources that form the building blocks of the economy.

Answer 2

Explanation:

There are four factors of production.

1. Land.

2. labour.

3. Capital( money).

4. Human Capital (entrepreneurship).