factors of production
- Created by: Muskaan Dhaliwal
- Created on: 02-08-19 10:34
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- 4 factors of production
- 2.land
- territory
- natural resources
- 3.labour
- people
- 1.capital
- equipment
- factories
- schools
- 4.enterprise
- risks taken to create things
- innovation
- opportunity cost
- value of next best alternative given up
- 2.land
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