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3 June, 04:37

This is the forces that combine to make the production of products and services possible.

a. product factors

b. factors of service

c. factors of production

d. service factors

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Answers (1)
  1. 3 June, 04:58
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    "Factor of Production" is the force that combine to make the production of products and services possible.

    Explanation:

    Factor of production involves land, labor, capital, and entrepreneurship.

    Land:

    The important factor is that it creates major revenue through oil, gases and other possible resources which can be obtained from the land.

    Labor: Starting from the person who brought bricks to build the company till the top management of the company are part of the Labor factor.

    Capital: A factor which implicitly support as a factor of production. Without capital there is no chances of production or providing wages.

    Entrepreneurship: These are the brainstorms who plan and create product and sits at the top level and make production and service possible.
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