1.

What do you understand by the factor production​

Answer»

Answer:

The factors of production are resources that are the building blocks of the economy; they are what people use to produce GOODS and services. ECONOMISTS DIVIDE the factors of production into four categories: land, labor, CAPITAL, and entrepreneurship. ... Land resources are the raw materials in the production process.

Explanation:

THANK you hope it is helpful



Discussion

No Comment Found