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>
The scenario above is best described as a case study. A case study is being defined as a record or a process by which a researcher made use of in being able to consider detailed information for the purpose of being able to develop a particular group or person or even a situation.
Answer:
Explanation:
Raw material extraction and processing always impact on the environment, resulting as they do in soil degradation, water shortages, biodiversity loss, damage to ecosystem functions and global warming exacerbation.
The type of economic system a producer is operating in determines the way these outputs are distributed, what goods and services are produced as outputs, and how scarce resources are allocated among producers to create these outputs. The most common types of economic systems are market, traditional, command.
mixed<span>study.com/.../production-in-traditional-market-command-mixed-economic-systems.html
</span>here is the website so yall know im not doin any copywright!!
hope it helps
