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1. what are the characteristics of the four factors of production?
a.Natural resources
b.Labour
c.Capital
d.entrepreneurship
2.explain the importance of the four factors of production.​


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Sagot :

Answer:

Factors of production is an economic concept that refers to the inputs needed to produce goods and services. The factors are land, labor, capital, and entrepreneurship. The four factors consist of resources required to create a good or service, which is measured by a country's gross domestic product (GDP).