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Land, Labor, Capital, and Entrepreneurship are ________________________ in an economic system.

User Tomk
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They are all factors of production.
User Tim Janke
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Answer:

Land, Labor, Capital, and Entrepreneurship are factors of production in an economic system.

Step-by-step explanation:

In economics, the factors of production are the resources used to produce goods and services that meet human needs. All goods, which are provided in a society, are achieved through the use of productive factors. Four major classes are considered: land, labor, capital and enterpreneurship. Production transformed into income is distributed among them, thus obtaining a remuneration.

User Rami Assi
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