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What are the differences between an increase in quantity of an economy's factors of production and an increase in the quality of an economy's factors of production?

Sagot :

yasminz1120

Answer:

All factors have their own role to produce any item or service. We need four factors.

Land( a specified place)

labor

capital( money or equipment)

Entreprenuer( owner or manager who can take independent decisions)

There are many other invisible factors which can be added in above four important factors.

So any big or small factor contributes in making any product.

Explanation:

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