factors of production
definition: land, labor, capital (including financial capital), and entrepreneurs that supplies goods or services
connected key terms: land | labor | capital | financial capital | entrepreneur


everyday examples
▪ land (meat, vegetables, wheat)
▪ labor (hair stylist, food service workers)
▪ capital (grill, table, drill)
▪ financial capital (money, gold bars)
▪ entrepreneur (business owner, investor)

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