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Musya8 [376]
3 years ago
6

Question 2 (2 points)

Business
1 answer:
Varvara68 [4.7K]3 years ago
5 0

Answer:

Government resources

Explanation:

Factors of production are also known as inputs in the production process. They four in number and include land, entrepreneurship, capital, and labor.

  • Land refers to the <u>natural </u>resources occurring beneath, above, and on earth's surface. They include minerals, fertile agricultural land, water, forests, air, gas, space for building, and many others.
  • Capital refers to the resources required to start and run a business. It includes finances, technology, methodology, plants and machinery, among others.
  • Labor is the human input in the production process. Human beings contribute skills, knowledge, energy, and time.
  • Entrepreneurship is the mobilization and organization of all the other factors(land, capital, and labor) to start and run a successful business.

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