PRODUCTION FACTORS

My Economics Guide will explain in detail the factors of production in this paper. In our previous article, we examined the concept of economy. If you have not  read this article click here to read  . WHAT ARE THE PRODUCTION FACTORS? The more technical version of the expression of our own resources in daily life are factors of production. In general, production factors consist of four basic concepts. Soil (Natural Resources) Labor (Labor) […]

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