gabygrimaldo0510
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  • 15-04-2021
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Give me a definition of factors of production

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10005981 10005981
  • 15-04-2021

Answer:

Factors of production is an economic term that describes the inputs used in the production of goods or services in order to make an economic profit.

Explanation:

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lichienik
lichienik lichienik
  • 15-04-2021

Answer:

Labour

entrepreneurs

capital

natural resources( land)

Explanation:

these are the four factors of production that meet the people's needs and wants. People have made and produced goods and services for any production to take place.

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