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What are the factors of production in an economic system?

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.


What are economic resources including natural resources and capital resources?

factors of productions


What is the meaning of economic factors?

Economic factors are the resources that can influence a person on his/her every day life.


Economic resources are also known as?

Factors of production.


Do economic resources include both production and the factors of production?

Yes, the means of production, and the system that supports it, are all resources.


What factors affect the location of different types of economic activities?

The location of natural Resources and energy will affect the various types of economic activities that come with access to said resources.


What are the factors affecting economic growth in Australia?

It depends on the land and the resources also the population


In the circular flow model economic resources is both production and the factors of production?

truetrue


Which factors of production are used by a landscaping service to provide economic?

labor, capital, and Natural Resources


Factors of production history?

Factors of production are essential conditions or resources that favor economic production, and include land, labor, entrepreneurship, and capital.


Which factors of production are used by a landscaping service to provide economic value?

labor, capital, and natural resources


What factors determine a countries level of development?

there are many economic factors which effect the eco nomic growth likepovertyunemploymentbudget deficitlack of educationnot better use of resources