The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests. hope this helps
www.stlouisfed.org/education/economic-lowdown-podcast-series/episode-2-factors-of-production listen to this for more help
Producers must consider how limited a resource is when it is used to create an item. The more scarce a resource is, the greater value is given to that resource. It is important to determine if it is necessary to use a scarce resource to create a good, because a less scarce resource could be used instead. This would make it easier to produce a good, but it would give the final item a lower value.
we should follow traditional rules to promote our history cultures. to promote our old villages. to show the other countries how nice was our country while using traditional culture.
I believe the answer is: concept of <span>conservation concept of conservation refers to the understanding that something would stay in the same quantity even though it is moved to different medium/appearances. On average, understanding of </span>concept of conservation would not be developed before we enter the age of 7.
