What are the four factors of production? Discuss them briefly.
Answers
Answered by
0
Land Labor Capital
The physical space and the natural resources in it (examples: water, timber, oil) The people able to transform resources into goods or services available for purchase A company's physical equipment and the money it uses to buy resources
The physical space and the natural resources in it (examples: water, timber, oil) The people able to transform resources into goods or services available for purchase A company's physical equipment and the money it uses to buy resources
Answered by
3
land
labor
capital
investment
Similar questions