Identify one of the factors of production that remains stagnant for a long time
Answers
Answer:
land , labour, capital labour for a long time
Explanation:
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land , labour, capital labour for a long time.
Definition of land , labour, capital labour:
In its simplest form, land is the physical place where economic activity takes place. In our lemonade stand example, it could be the patch of lawn in front of your house. However, land also includes all the natural resources found on it.
it seems obvious, but things can't be produced unless someone makes them. Your lemonade won't make itself, and it won't sell itself if you aren't there to do it. Therefore, another important factor of production is labor.
A company's physical equipment and the money it uses to buy resources.
Hence, For a long time, land, labor, and capital labor have been intertwined.
Learn more about land, labor, and capital here,
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