Question

It refers to a limitation of resources particularly,land,labor,capital and entrepreneurship?​

Answer 1

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. ... Labor is the effort that people contribute to the production of goods and services.

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They include tools, buildings, vehicles, machinery, and equipment. Capital goods are also called durable goods, real capital, and economic capital.

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