Factors of Production in Economics: Definition, Importance & Examples
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Which of the following does not fall within the category of land as a factor of production?
A building
Which is an example of fixed capital?
A machine
Which of the following is a factor of production that some economists believe should be included with the three basic factors?
Enterprise
Which factor of production does management fall under?
Labor
What is the best explanation of factors of production?
Resources used by a company to produce good and services