Question

Write the category of factor of production that each of the following comes under:-
(a) Engineer working in a factory.
(b) Plough of a farmer.
(C) Sugarcane used by a sugarcane juice seller.
(d) The idea of a person to start a new venture.​

Answer 1

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HERE IS UR ANSWER

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》Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship

• labor
• capital
• capital
• entrepreneurship.