3 years ago

Factors of production definition

Social Studies

2 answers:

FrozenT [24]3 years ago

6 0

To put it more simply, it is basically what goes into producing a certain good.

Ierofanga [76]3 years ago

4 0

Answer:

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.

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