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bill Ndee
There are two types of factors. Factors of production may also refer specifically to the primary factors , which are land , labor (the ability to work), and capital goods applied to production. Materials and energy are considered secondary factors in classical economics because they are obtained from land, labour and capital.
0 03-08-2016 12:21:00 +0000
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bill Ndee
The primary factors facilitate production but neither become part of the product.
0 03-08-2016 12:34:00 +0000
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bill Ndee
b is correct... because enterprise is a factor of production which Is the skill of combining the other factors of production.
0 03-08-2016 12:36:00 +0000
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