Which term describes a factor of production?

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02-05-2021
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Which term describes a factor of production?

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Chalenkisiahidn Chalenkisiahidn · Answer 1 · 2021-05-02T19:53:33-04:00

Chalenkisiahidn Chalenkisiahidn

02-05-2021

Answer:

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

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Ajayilove134idn Ajayilove134idn · Answer 2 · 2021-05-02T19:58:25-04:00

Ajayilove134idn Ajayilove134idn

02-05-2021

Explanation:

The raw materials and resources used in producing them

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