History, asked by chukylie8, 2 months ago

i need to write an example of : Factors of production and i dont understand help? T^T

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Answered by nunu725

2

Answer:

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. ... Some common land or natural resources are water, oil, copper, natural gas, coal, and forests.

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