mitchpeck12
mitchpeck12 mitchpeck12
  • 19-01-2020
  • Social Studies
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Factors of production definition

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dayday73 dayday73
  • 19-01-2020

Answer:

In economics, factors of production, resources, or inputs are what is used in the production process to produce output—that is, finished goods and services. The utilized amounts of the various inputs determine the quantity of output according to the relationship called the production function.

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liam2747
liam2747 liam2747
  • 20-01-2020
To put it more simply, it is basically what goes into producing a certain good.
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