| first factor of production is land, this includes any natural resource used to produce goods and services |
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 | just brought this nice slab of land | |
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| labor is second factor of production, effort that people contribute to the production of goods and services |
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| nice | |
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| im ready to come and work | |
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| third factor of production is capital, Capital is the machinery, tools and buildings humans use to produce goods and services |
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| we need more drill presses | |
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