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Sagot :
We combine each of the flow types with their example:
1. Consumer spending - c. Teenager buying a cheeseburger
2. Goods and Services - d. Pair of pants
3. Factors of production - b. Teenager working for clothing store
4. Production cost- A. Rent paid for the store space
What are factors of production and what are they used for?
Factors of production are the goods needed to produce a given final product. They are the elements that make production possible. Classically, economic theory considers three factors of production:
- capital (usually represented by K)
- labor (L)
- and natural resources or land (T).
With this information, we can conclude that Material goods Are those that, as the name implies, are material and tangible.
Learn more about Factors of production in brainly.com/question/988852
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