What is meant by factors of production
Answers
Answered by
4
Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. The factors of productioninclude land, labor, capital and entrepreneurship.
Similar questions
Math,
7 months ago
History,
7 months ago
Physics,
1 year ago
English,
1 year ago
Social Sciences,
1 year ago
Social Sciences,
1 year ago
Math,
1 year ago