Economy, asked by letnee9644, 1 year ago

what is the relative importance of factor of production

Answers

Answered by anniravaryan2
6

Answer:

Factors of production are the resources used by a company to produce goods and services. The universally recognized factors of production include land, labor, and capital. Some scholars include enterprise - entrepreneurship - as a fourth factor while many argue that it should fall under labor.

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