Explain factor of production?

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Posted by Vivek Rauta 4 years, 10 months ago
- 3 answers
Divyansh Jain 4 years, 10 months ago
Sia ? 4 years, 10 months ago
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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Chhavi Kharb 4 years, 10 months ago
1Thank You