Question

The four factors of production (input) needed for manufacturing process of the book store's new stationery-line.you are required to investigate two inputs for each factors of production

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Answer 1

Answer: Factors of production are inputs used to produce an output, or goods and services. They are resources a company requires to attempt to generate a profit by producing goods and services. Factors of production are divided into four categories: land, labor, capital and entrepreneurship.