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use the factors of production to create something of value
ccapital only
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labor, capital, and natural resources
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cost and oil production value.
use the factors of production to create something of value
labor only
ccapital only
ddfgfghgh
models purporting to explain growth, value, choice of production method, income distribution, and social classes.
labor, capital, and natural resources
Enterpreneur :) a+ users.
Enterpreneur :) a+ users.
According to the Associative Property of Multiplication, no.
The numerical value will vary according to many factors: individual, job, location, employer are some.
Karl Marx used the term 'means of production' to refer to the physical and non-human resources used to produce goods and services, such as land, factories, and machinery. In Marx's theory of capitalism, ownership of the means of production by the capitalist class leads to exploitation of the working class. He argued for collective ownership of the means of production as a way to achieve a more equitable society.