Factors of production
Factors of production - Definition The resources used in producing the goods and services created in an economy. In most branches of economic theory, there are three primary factors that are utilized in production: land and natural resources; man-made Capital goods; and labor. En
What is Factors of production?
Factors of production - Definition The resources used in producing the goods and services created in an economy. In most branches of economic theory, there are three primary factors that are utilized in production: land and natural resources; man-made Capital goods; and labor. En
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