write four features of captain as a as a factor of production
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Economic systems rely on certain inputs to operate effectively. Collectively, these inputs are called the factors of production. They are the resources businesses use to create wealth. There are five factors of production: land, labour, capital, entrepreneurship, and knowledge. While knowledge is as old as humankind, it is only recently that it has been recog
nized as a factor of production. Here are some tips to help you understand the five factors of production:
Land
Labour
Capital
Entrepreneurship
Knowledge
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