Question

what do you mean by factors of production. Explain in 5 points.​

Answer 1

Answer:

Factors of Production Definition

The factors of production are land, labor, capital, and entrepreneurship. To put it in different terms, the factors of production are the inputs needed for supply. Mainly, the factors of production consist of any resource that is used in the creation of a good or service.

Explanation:

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Answer 2

Answer:

Factors of Production Definition

Factors of Production DefinitionThe factors of production are land, labor, capital, and entrepreneurship. To put it in different terms, the factors of production are the inputs needed for supply. Mainly, the factors of production consist of any resource that is used in the creation of a good or service..

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