Which factor of production do you find most necessary for production and why?
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Factors of production are the inputs needed for the creation of a good or service. The factors of production include land, labor, entrepreneurship, and capital.
Today, capital and labor remain the two primary inputs for the productive processes and the generation of profits by a business.
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ANSWER:- More specifically, capital can be the money that companies use to buy resources, as well as the physical assets companies use when producing goods or services, such as factories and machinery.
Capital is an important factor of production because it's what allows labor and land to be purchased.
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