Question

List the four major factors of production. Explain them.​

Answer 1

Answer:

Factors of production are the inputs needed for the creation of a good or service. The factors of production include land, labor, entrepreneurship, and capital.

Explanation:

Answer 2

Answer:

The factor of production are resources that are the building blocks of the economy; they are what people use to produce goods and services . Economists devide the factor of production into four category : land, labour, capital and entepreneurship .