Question

what are factors of production ​

Answer 1

Answer:

Factors of production are those which are required for running the business and producing output There are four factors of production

1)Land

2)Labour

3)Capital

4) Entrepreneur

Answer 2

Answer:

The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.