Question

Economic subject Babes… pls help me TvT

Answer 1

I think these maybe some of the factors of production;

1. LABOUR: refers to human effort that contributes to production of goods or services. It maybe mental or physical,skilled,semi-skilled or unskilled. It's the role of labour that makes the production process possible.

2. CAPITAL: refers to already produced goods used in the production of either goods and services. Examples are buildings, factories, money etc

3. ENTREPRENEURSHIP: factor of production which combines and co-ordinates other factors of production in the production process.

Hope it helps.

BY GERALD GREAT