what
are the Natural Resources include
factor of production?
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Answered by
0
Answer: Land as a factor of production is sometimes also referred to as natural resources. It includes all naturally-occurring resources such as soil, water, air, plants, etc. that can be used in the production process.
Answered by
1
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.
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