Factors of production play a central role in determining the overall supply of goods and services.

Name: Factors of production play a central role in determining the overall supply of goods and services.
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Question

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Factors of production, which include land, labor, capital, and entrepreneurship, are the resources used to produce goods and services. Their availability and efficiency directly influence the quantity and quality of the overall supply in an economy.

Factors of Production Play a Central Role in Determining the Overall