Define production and discuss factors of production. In brief
Share
Define production and discuss factors of production. In brief
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
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. These include any resource needed for the creation of a good or service. The factors of production include land, labor, capital and entrepreneurship.
Explanation:
mark as brainlist answer
Answer:
Factors of production is an economic term that describes the input used in production of goods or services in order to make economic profit. These include any resources needed for the creation of a good or service. The factors of production include land, labour , capital and entrepreneurship