Please define ‘factors of production’. Why are these necessary to industrialize and start businesses?

Question

asked Mar 22, 2021 197k views

1 Answer

Luke Gedeon · Answer 1 · 2021-03-27T00:30:58+0000

Answer:

It is an economic term that describes inputs in production of goods/services in order to make a profit. These include: Land, labor, capital, and entrepreneurship.

Explanation: Have a great Thanksgiving :)

Please define ‘factors of production’. Why are these necessary to industrialize and start businesses?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions