Question

What are the factors of production? Explain with examples.

Answer 1

Answer ✍️✍️✍️

*️⃣In economics , factor of production are what is used in the production process to producer output
*️⃣That is finished a good and services.
*️⃣The utilities amount of the various input determine the quality of output
*️⃣The factor of production land

Answer 2

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The 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.

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