Discover the best answers at Westonci.ca, where experts share their insights and knowledge with you. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
The basic types of resources used by producers are capital, labour and land.
What are the factors of production ?
Factors of production are resources used by producers in the production of goods and services. The factors of production include:
- Land : they are natural resources used to produce goods and services e.g. gold mine, land, water
- Labor: it is the effort used by people in the production of goods and services.
- Capital: it includes machinery and man made resources used in production e.g. hammer
To learn more about factors of production, please check: https://brainly.com/question/988852
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.