A. Discuss the extent to which society can change each of the four factors of production or categories of resources. Give some examples.
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A. Discuss the extent to which society can change each of the four factors of production or categories of resources. Give some examples.
Answer:
sorry yan lang ang naiisip ko.
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•A. Discuss the extent to which society can change each of the four factors of production or categories of resources. Give some examples.
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•The factors of production are the inputs used to produce a good or service in order to produce income. Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy.
•The factors of production are land, labor, capital, and entrepreneurship, which are seamlessly interwoven together to create economic growth. Improved economic growth raises the standard of living by lowering production costs and increasing wages.
•The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship. ... Land resources are the raw materials in the production process.
NOTES: sorry yan lng alm ko thank u and godblesss lab u guys pa brainliest nlng kung pepede