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3 Cards in this Set
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- Back
- 3rd side (hint)
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Factors of Production |
The resources used by firms in the production process (inputs). |
Firms use this… |
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Land |
All natural resources such as coal. Economic activity uses renewable + non-renewable. |
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Labour |
Describe the workforce of the economy. It’s the physical and the mental effort expanded by humans. |
Workforce… |
