The three primary factors of production are

Name: The three primary factors of production are
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Quizplus · Accepted Answer

The three primary factors of production are land, labor, and capital. Land refers to all natural resources such as water and minerals, labor refers to the human effort involved in production, and capital refers to the tools, machinery, and equipment used in production. It is the combination of these three factors that leads to the creation of goods and services.

The Three Primary Factors of Production Are