What is the five factors of production?

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1081297

2026-05-06 22:21

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the factor of production are:land, labour, capital, and enterpreneurship

The above is too specific:

The Four Factors of production are:

Natural Resources (Land and all other resources ie. water, air etc.)

Capital (Same, revenue and assets)

Human Resources (Labor, in addition to any other human provided service, not limited to labor alone)

Entrepreneurship (Same, the Ability, Freedom and Guarantee that business's can be established and operate with out too many restrictions)

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