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supply and demand study question 1 active prompt what are the four fact…

Question

supply and demand
study question 1 active
prompt
what are the four factors of production?
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Explanation:

Brief Explanations

Land refers to natural resources used in production. Labor is human effort (physical or mental) for production. Capital includes tools, machinery, and infrastructure. Entrepreneurship is the skill of organizing other factors to create goods/services. These are core concepts in economic production theory.

Answer:

The four factors of production are land, labor, capital, and entrepreneurship.