What are the factors of production?
What are the factors of production?
There are 4 factors of production: Capital, Enterprise, Land and Labor.
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What is scarcity?
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What is scarcity? Scarcity is when the wants are unlimited and the resources and limited. This leads the person or the government to make a choice.
Factor of Production: Labour
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Factor of Production: Labour Labor refers to the people who are employed to perform business activity
