WybRecon WybRecon
  • 06-11-2019
  • Business
contestada

what is another term for 'factors of production'​

Respuesta :

Samawati
Samawati Samawati
  • 09-11-2019

Answer:

Inputs

Explanation:

Factors of production are the inputs required in creating goods and services. They include land, capital, entrepreneurship, and labor. These four factors are used in different combinations in the production of products and services. Generating an economic profit is the main motivation for engaging production.

Factors of production are also known as inputs.

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