RE: what is factors of production in Economics?

what is factors of production in Economics?

hantar Asked on November 10, 2016 in microeconomics.
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1 Answers

factors of production in Economics defined as the resource inputs used to produce goods and services (land, labor, capital, entrepreneurship)

so whatever resources used to create a goods and services considered a factors of production.

Answered on November 10, 2016.
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