Question

what are the factors of production ? explain.​

Answer 1

Answer:

there are four factors of the production

1) Land

2) Labour

3) physical activity

(1) fixed capital

(2) working capital

4) Human capital

Answer 2

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.