Factor of Production: Land example



Factor of Production: Land example

An example of land would be the fields on which crops are grown. In order to grow crop a place will have to be found where the crops could be grown and that place would be the fields. To clarify it further I want to give you another example.

Imagine that there is factory running in the city.

Would the factory be running if the land was not bought?

Factors of production are the different things which are combined to make a product.

 






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