ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A Factor of Production is
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Used in the Production of things that are useful.
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Used in the production of goods and services.
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Used in the production of goods.
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Used in the production of services.
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Explanation:
Detailed explanation-1: -The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.
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