Question

what are tye 4 factors of production ? explain through an example?​

Answer 1

Answer:

Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. ... The income that resource owners earn in return for land resources is called rent

Answer 2

Answer:

The factors of production are land, labor, capital, and entrepreneurship, which are seamlessly interwoven together to create economic growth. Improved economic growth raises the standard of living by lowering production costs and increasing wages.

Your answer dear♥♥

Hope it helps u❤