what are the factors determining the solution to the problem how to produce
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The factors of production are what's needed for a company to earn an economic profit. The four factors of production are:
Land
The land is any natural resource that's needed or used in the production of a good or service. Land can also include any resource that comes from the land such as oil, gas, and other commodities such as copper and silver. Typically, land includes any natural resource that's used as raw materials in the production process.
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