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What are the four factors of production?
Land, Labour, Capital, Income
Land, Labour, Capital and Entrepreneurship
Choice, Growth, Opportunity cost, Land
Allocation of Resources,
Option (2) is correct. Explanation: The four factors of production are defined as goods and services needed to carry out production i.e., land, labour, capital and entrepreneurship. They are available in limited quantities in relation to the demand.
By: Parvesh Mehta ProfileResourcesReport error
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