Write a short note on production of resources.
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Explanation:
Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land.
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Answer:
economists divide the factors of production into four categories: land, labour, capital and entrepreneurship.
The first factor of production is land, but this include any natural resource used to produce goods and services. this includes not just land, but anything that comes from the land
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