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Factors of production are the resources used in producing goods and services. The three factors of production are land, capital and labor.
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Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Who takes the three production factors and puts them together?
entrepreneur
What are factors of production name any four factors of production.?
Factors of production
Which factor of production directs the work flow of the other three factors?
Management
What are the three factors of production and the two types of payments that appear in the free market circular flow model?
Three factors of production: Labor, Capital, and Land Two payment types: Resource Markets and Product Markets
Define factors of production?
Factors of production are the inputs for the production process. Three basic factors of production are land, labor, capital and entrepreneurship.
Which are the three basic factors of production?
Land, Labor, and Capital.
Who takes the three production factors and puts them together?
entrepreneur
What is the importance of factors of production?
three basic thing of production are money plan and hard work
What were the three factors of production required to drive the Industrial Revolution?
What were three factors of production required to drive the industrial revolution? that is not an answer the answer is: Land, labor, and capital _______________ that is correct, thanks
Factors of production in Germany?
Germany uses three factors of production. The country uses people, capital, and land in order to produce needed products.
What are factors of production name any four factors of production.?
Factors of production
What were factors of production required to drive the industrial revolution?
What were three factors of production required to drive the industrial revolution? that is not an answer the answer is: Land, labor, and capital _______________ that is correct, thanks
List britain’s 3 factors of production?
Natural Resources Another major reason why the Industrial Revolution began in Great Britain was that it had an abundant supply of what economists call the three factors of production. These factors of production are land, labor, and capital.
What are three factors of production and the two types of payments that appear in the free market circular flow model?
The three factors of production are capital, labor, and land. Two types of payments are from firms and households. These payments go to the goods and services markets.
Which factor of production directs the work flow of the other three factors?
Management
What were three factors that made mass production possible?
Land, Labor and Capitol
