What are the factors of production?



What are the factors of production?

I have been talking about resources, and I have repeatedly told you that resources are limited. Now I am going to tell you what resources are. Resources are the all the things which could be used to make a product. Factors of production are another word for resources. Factors of production are all the things are used to make other products. Factors of productions are all the things which are combined to

Factors of Production

Land

Labor

Capital

Enterprise






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