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The limited resources in demand in society are called the ___________ of production.

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Factor of production
User Avara
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Answer:

Factors of production.

Step-by-step explanation:

The term factors of production is an economic word that explains the inputs employed in the production of goods or services in order to make an economic gain. The four factors of production are land, labor, capital, and entrepreneur. Since the availability of these resources is limited they are perceived as the limited resources of demand. Their availability in a limited quantity can lead to the problem of choice in an economy.

User Kamal Joshi
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