Question

what are the factors of production?explain the various factor 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 to the relationship called the production function.

HOPE IT HELPS....

❤❤❤

Answer 2

Your answer is given below =》》》

The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic