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Which term describes a factor of production?
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Which term describes a factor of production?

User Denean
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Step-by-step explanation:

The raw materials and resources used in producing them

User Luis Gouveia
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Answer:

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

User Sgallen
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