Question

What are factors of production? Provide an example of each of the four factors of production. Make sure your answer is written in complete sentences.

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Answer 1

HI dailykayleigh5

ANSWERS:

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function

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