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Alla [95]
3 years ago
12

Which elements are factors of production?

History
2 answers:
OlgaM077 [116]3 years ago
4 0
Answer - Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. The first factor of production is land, but this includes any natural resource used to produce goods and services.
melisa1 [442]3 years ago
4 0

Answer:

land,labor,and capital

Explanation:

land: soil,water,plants and animals

labor: farmers tending crops, blacksmiths making tools, doctors treating patients, daycare workers watching children

capital: buildings such as grain silos and workshops, tools such as hammers,plows,and cooking utensils

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