37.3k views
4 votes
What are factors of production?

User Spenthil
by
3.4k points

2 Answers

5 votes

_________________________________

Hey!!!

The factors of production are as follows:

  • Land
  • Labour
  • Capital
  • Enterprise

Hope it helps...

Good luck on your assignment..

_________________________________

User Ista
by
4.4k points
4 votes

Answer:

Factors of production are, land, labor, capital and entrepreneurship.

Step-by-step explanation:

Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit.

Hope I helped :)

User Narthi
by
4.8k points