Question
Which of the 4 factors of production falls under financial and capital investment?
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Answer
Which of the 4 factors of production falls under man-made resources?
Answer
Which of the 4 factors of production falls under natural resources?
Answer
What about the other 3
Answered by
GPT 3.5
The factor of capital falls under financial and capital investment.
Answered by
GPT 3.5
The factor of capital, which includes man-made resources such as tools, machinery, equipment, and buildings, falls under man-made resources in the production process.
Answered by
GPT 3.5
The factor of land falls under natural resources in the production process. Land includes all natural resources such as water, minerals, forests, and agricultural land.
Answered by
GPT 3.5
The other three factors of production are:
1. Labor - This factor includes the physical and mental work of individuals involved in the production process.
2. Capital - This factor includes man-made resources such as tools, machinery, equipment, and buildings that are used in the production process.
3. Entrepreneurship - This factor includes the innovation, organization, and risk-taking abilities of individuals who bring together the other factors of production to create goods and services.
1. Labor - This factor includes the physical and mental work of individuals involved in the production process.
2. Capital - This factor includes man-made resources such as tools, machinery, equipment, and buildings that are used in the production process.
3. Entrepreneurship - This factor includes the innovation, organization, and risk-taking abilities of individuals who bring together the other factors of production to create goods and services.
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