Social Sciences, asked by sana5135, 11 months ago

write about the importance of factors of production in an economy .

Answers

Answered by dhrutimunagala1646

Answer:

Improvement along these factors enables producers to create more and cheaper economic goods. ... Land and labor are the earliest factors of production; humans have always mixed their labor with land and natural resources. Income from land and labor are called rent and wages, respectively.

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