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djverab [1.8K]
2 years ago
14

Which term describes a factor of production?

English
2 answers:
podryga [215]2 years ago
7 0

Explanation:

The raw materials and resources used in producing them

liq [111]2 years ago
3 0

Answer:

Factors of production are the resources people use to produce goods and services; they are the building blocks of the economy. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.

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