Which are effected by the factors of production

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Social Studies

Joey Schneider

11 December, 16:06

Which are effected by the factors of production

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Washington · Answer 1

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Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land