History, asked by s320783, 3 months ago

Which factors of production are abundant (in large supply)?

Answers

Answered by Anonymous

6

The 4 factors of production are Land, Labour, Capital and Entrepreneurship.

The 4 factors of production are Land, Labour, Capital and Entrepreneurship. There is a scarcity of resources and the demands are unlimited.

Economics is present today in order to reduce the problem through efficient allocation of resources.

Hence, no factor of production is abundant.

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