what are the factor of production and explain them
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There are four specific factors of production that are required to producing goods and services.
1) Land: physical space and natural resource.
2) capital: Money and equipment.
3) labour: Workers
4) enterpreneurship: ideas and drive.
1) Land: physical space and natural resource.
2) capital: Money and equipment.
3) labour: Workers
4) enterpreneurship: ideas and drive.
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