Answer: Technology is the recipe for combining land, labor, physical capital, and entrepreneurship to produce a good.
Explanation:
The different factors of production (land, labor, entrepreneurship, and capital) are the inputs required for the production of a good or service.
Technology is a term that has a rather wide meaning and can be applied to describe software, hardware, or a mixture of both employed to organize a manufacturing process. Either way, the technology available is the one that combines the land, the labor, the physical capital, and the entrepreneurship to produce a good.
If i’m not wrong the answer should be 2
