Question

what are the factors of production ?​

Answer 1

Answer:

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..

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Answer 2

Answer:

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

The second episode of our podcast series, The Economic Lowdown, discusses the factors of production.