What do you mean by factors of production?

 Factors of Production.... 

Producer produces goods and services by using several other goods and services which are called factors of production. In other words, the goods and services which are used to produce further goods and services are called factors of production. They are also called inputs of production or agents of production. There are so many factors of production but economists divide them into four groups i.e land, labour, capital and organization. 

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