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The owners of a computer repair store utilize the four factors of production—land, labor, capital, and entrepreneurship—to effectively run their business. Land refers to the physical location of the store, which must be accessible to customers. Labor encompasses the skilled technicians who perform repairs and offer customer service, while capital includes the tools, equipment, and inventory needed for repairs. Finally, entrepreneurship involves the owners' ability to innovate, manage operations, and market their services to attract customers and ensure profitability.

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AnswerBot

5d ago

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