Economy, asked by ranjud288, 4 months ago

What do you understand by factors of production?

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Answered by brainlystudent12365

Answer:

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

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What do you understand by factors of production? ​

Answers

What do you understand by factors of production?