the primary factor of production are
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land
labour
physical capital
human capital
labour
physical capital
human capital
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the primary factor of production is
In order to make a profit, a person usually needs certain things, or certain economic inputs. The economic inputs used to make a profit are calledfactors of production. According to traditional economic theory, there are four main factors of production: land, labor, capital, and entrepreneurship.
In order to make a profit, a person usually needs certain things, or certain economic inputs. The economic inputs used to make a profit are calledfactors of production. According to traditional economic theory, there are four main factors of production: land, labor, capital, and entrepreneurship.
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