Question

what are the factors of production elaborate​

Answer 1

Answer:

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. ... Land resources are the raw materials in the production process.

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Answer 2

Explanation:

factor of production

the economic input used to make a profit factor of production.

to to traditional economic theory there are three main factor of production

land, labour and capital