Factors of Production

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Factors of Production
The resources people have for producing goods and services to satisfy their wants
Labor
One of the Factors of Production that includes time and energy
Land
A Factor of Production that is made up of natural resources that are needed to help produce goods and services.
Capital
A Factor of production that includes anything produced in an economy that is used to produce other goods and services
Consumption
The act of buying or using goods and services
Distribution
The delivery or giving out of any produced good or service
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