Question

What are the four factors of production​

Answer 1

The four factors of production are land, labor, capital, and entrepreneurship. They are the inputs needed for supply.

Answer 2

Answer and explanation:

Factors of production is an economic term that defines the general inputs used for generating profitable goods and services. The factors of production consist of:

• Land: the land itself and the raw materials of the land.
• Labor: workers performing both physical and intellectual tasks to keep a company going.
• Capital: refers to the buildings, equipment, and tools used in the manufacturing process, including social and intellectual capital.
• Entrepreneurship: provides creativity and innovation in the use of certain factors that help to maintain a successful company.