This morning we are going to kick off the day by identifying the four factors of production. For today's post, please list each of the four factors of production and explain each one as detailed as possible. To refresh your memory from yesterday's discussion on what each of the 4 factors of production are, you may either refer to pages 8-9 in the textbook or any online resource. In addition, after describing the four factors, try to think of one product that you would be interested to learn what the factors of production are!!
Thanks and we will get started shortly :)
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