what are the basic factors for organisation of production?
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Economists divide the factors ofproduction into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used toproduce goods and services. This includes not just land, but anything that comes from the land.
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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.
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