Asked by aimee parker on Jun 27, 2024
Verified
What are the three most important factors of production?
Factors of Production
The inputs used in the production of goods or services in the process of creating economic value; these typically include land, labor, capital, and entrepreneurship.
- Identify the factors of production and their significance.
Verified Answer
ZK
Zybrea KnightJul 03, 2024
Final Answer :
The three most important factors of production are labor, land, and capital.
Learning Objectives
- Identify the factors of production and their significance.
Related questions
Restaurants' Demand for Cooks and Waiters Is Inseparably Linked to ...
In the Factor Market,households Buy Goods and Services
Labor and Capital Are the Only Two Factors of Production
In the Circular-Flow Diagram, Factors of Production Include Land, Labor ...
The Three Main Factors of Production, or Categories of Inputs ...