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What are the three factors of producrion and what role does each factor play in the production of goods and services
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What are the three factors of producrion and what role does each factor play in the production of goods and services

User Minesh
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The productive factors are commonly classified into three groups: land, labour, and capital. The first represents resources whose supply is low in relation to demand and cannot be increased as the result of production. The income derived from the ownership of this factor is known as economic rent.

User Torres
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