Which term describes a factor of production?

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asked Oct 19, 2022 222k views

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Sgallen · Answer 1 · 2022-10-26T12:39:16+0000

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.

Which term describes a factor of production?

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