What are the 4 Factors of Production? Land, Labor, Capital, and Entrepreneurship
Peak Frameworks
JUNE 5, 2023
Traditionally, they comprise Land, Labor, Capital, and Entrepreneurship , each serving as a unique input used in the creation of goods or services aimed at generating profit. Entrepreneurs like Musk, by fostering innovation and driving job creation, wield substantial influence over financial markets and economic growth.
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