Question

what is different factors of production​

Answer 1

Answer:

Gift ideas in the near and

Answer 2

The four factors of production are inputs used in various combinations for the production of goods and services to make an economic profit. The factors of production are land, labor, capital, and entrepreneurship.

They 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.

Since these factors are limited by nature, and human wants are unlimited, we, as a country, face a decision over the efficient allocation of these scarce resources or factors of production.