What are the importance of land, labour, and capital
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More specifically, capitalcan be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery. Capital is an importantfactor of production because it's what allows labor and land to be purchased.
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More specifically, capital can be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery. Capital is an important factor of production because it's what allows labor and land to be purchased.
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