Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Chapter 1.2, Problem 7TP
Summary Introduction

To determine: The five factors of production and examine the most important factor of production to create wealth.

Introduction:

Factors of production refers to the various inputs required in the production process in an organization. These are mainly the resources that help in the creation of various goods and services delivered.

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