Question

What are factors of production and what role do they play in producing goods and services

Answer 1

They are good they really help solve problems to find awnsers and stuff like that duuuude

Answer 2

Transcript. 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.