last question for the day ...
WHAT IS ECONOMICS ...
WHAT ARE THE FACTORS AFFECTING IT NAME ANY TWO .
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- Economic Factors are the factors that affect the economy and include interest rates, tax rates, law, policies, wages, and governmental activities. These factors are not in direct relation with the business but it influences the investment value in the future.
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In economics, 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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