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The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Factors of production.
True
truetrue
Yes, the means of production, and the system that supports it, are all resources.
The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
Factors of production.
Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.
True
truetrue
Yes, the means of production, and the system that supports it, are all resources.
Demand-Production-Distribution/Supply
ppi
The four factors of production (land, labor, capital and entrepreneur) must all present if you wish to improve the economic level of production.
communism
communism households
He studied the effects of economic fluctuations of the limiting factors of coal production on economic development.