Question

what are factor of production

Answer 1

"Factors of Production is economic term that describes the inputs that are used in the production of goods and services in order to make an economic profit. The factors of Production include land, labour, capital and entrepreneurship.

Answer 2

$\huge\mathfrak\green{production:-}$ :- ɪᴛ ɪꜱ ᴛʜᴇ ᴘʀᴏᴄᴇꜱꜱ ᴏꜰ ᴘʀᴏᴅᴜᴄɪɴɢ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ. ɪᴛ'ꜱ ᴍᴀɪɴ ᴀɪᴍ ᴏꜰ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴛᴏ ᴘʀᴏᴅᴜᴄᴇ. ᴛʜᴇ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ ᴛʜᴀᴛ ᴡᴇ ɴᴇᴇᴅ ɪɴ ᴅᴀɪʟʏ ʟɪꜰᴇ.

$\huge\blue{factors of production:-}$ᴇᴠᴇʀʏ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ɪꜱ ᴏʀɢᴀɴɪꜱᴇᴅ ʙʏ ᴄᴏᴍʙɪɴɪɴɢ ʟᴀɴᴅ, ʟᴀʙᴏᴜʀ, ᴘʜʏꜱɪᴄᴀʟ ᴄᴀᴘɪᴛᴀʟ ᴀɴᴅ ʜᴜᴍᴀɴ ᴄᴀᴘɪᴛᴀʟ,ᴡʜɪᴄʜ ɪꜱ ᴋɴᴏᴡɴ ᴀꜱ ꜰᴀᴄᴛᴏʀꜱ ᴏꜰ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ.

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