Answered

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What do labor, energy, land, and capital comprise?

A. Factors of consumption
B. Factors of production
C. Components of industrialization
D. Components of human need

Sagot :

GinnyAnsweridn

Final answer:

Factors of production include labor, capital, and natural resources. Technology and entrepreneurs are vital for optimizing production processes.


Explanation:

Factors of production in an economy comprise labor, capital, and natural resources. Labor refers to human effort, capital includes produced goods like machinery, and natural resources are resources from nature for production.

Technology and entrepreneurs play key roles in utilizing an economy's factors of production, enhancing efficiency and innovation in production processes.


Learn more about Factors of production here:

https://brainly.com/question/988852


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