what are the variable factor of production ?????
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TEH VARIABLE FACTORS OF FACTORS OF PRODUCTION ARE:
- RAW MATERIALS
- LABOUR
THE OUTPIT CAN BE CHANGED BY MAKING CHANGES IN THESE 2 FACTORS. IF THE FACTORS ARE INCRESED OUTPUT WILL ALSO INCREASE OR VICE VERSA
Answered by
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Explanation:
The various factor of production are LAND, LABOUR, CAPITAL, and Entrepreneurship.
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