name the 4 factors of production and explain them in detail. SOMEONE PLZ ANSWER BECAUSE TODAY IS THE LAST DATE FOR SUBMITTING THIS. [ sorry it is economics )
Answers
Answered by
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. This includes not just land, but anything that comes from the land.ok
mark me brainliest
follow me to get instant solutions
Answered by
0
Answer:
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.
The second episode of our podcast series, The Economic Lowdown, discusses the factors of production.
please mark as brainliest and follow me
Similar questions