What four factor production?

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1094200

2026-03-04 03:15

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The factors of production are...

Land- The materials required to build or use a good and/or service.

Labor- The work force (the people building the good, or doing the service)

Capitol- The money (the money used to fund, or the profit)

Entrepreneurs- These are the personnel behind the idea, the drive the good or service to be produced, and they decide where to ship, and whom to ship the good too.

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