Factors of Production and Economic Problem
- Created by: Ben_95
- Created on: 10-04-14 13:43
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Factors of production
Factor of production = the resource inputs that are avaliable in an economy for the production of goods and services.
Land = natural resources in an economy.
Labour = the quality and quantity of human resources.
Capital = man-made aids to production.
Entrepreneurship = the willingness…
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