tae5927 tae5927

03-03-2021
Business

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Capital and labor are both examples of what?

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ADHardamon4180 ADHardamon4180

03-03-2021

Answer:

Economists traditionally divide the factors of production into four categories: land, labor, capital, and entrepreneurship. Land refers to natural resources, labor refers to work effort, and capital is anything made that is used to make something else.

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