Which of the factor of production is critical that without it, there can be NO production of goods and services
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The factor of production that is critical and without which there can be no production of goods and services is labor. Labor refers to the human effort, both physical and mental, that is utilized in the production process. It includes the skills, knowledge, and expertise of individuals employed in various occupations. Without labor, there would be no one to operate the machines, manage the processes, provide services, or perform any other essential tasks required for production.
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