Question

what are the factors of production?

Answer 1

hey mate here is your answer

Factors of production are following =

(1)=Human capital .

(2)= Working capital.

(3)= Money etc.

(1)=Land. Land and other natural resources are used to make homes, cars and other products.

(2)= ( ...Labor. People have always been an important resource in producing goods and services, but many people are now being replaced by technology. (2)=( ...Capital

(3)=Entrepreneurship. ...Knowledge.

it will surely help you.

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Answer 2

Answer:

Explanation:

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services