Social Sciences, asked by amayaamaya395, 6 months ago

what is mean by producation ? Explain the factors of production.

Answers

Answered by Anonymous

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

Answered by buddy98

Answer:

Factors of production is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit. ... The factors of production include land, labor, capital and entrepreneurship.

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