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Luda [366]
3 years ago
12

Factors of production are grouped into four categories, which are _______. ______ is an example of ______.

Social Studies
1 answer:
fenix001 [56]3 years ago
4 0
 Factors of production are grouped into four categories, which are land, labor, capital and e<span>ntrepreneurship. Land are</span><span> natural resources, labor is the work for a paycheck (earns wages), capital denotes physical objects,like  buildings, plants, machinery or non-physical things like human skills,  knowledge and entrepreneurship stands for the ability to organize production, risk taker, ideas... A worker is an example of labor.</span>
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