Economics, Goods and Services, THE FOUR FACTORS OF PRODUCTION

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1.95 MB   |   12 pages

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The Four Factors of Productions
Goods and Services


Objectives: Students will be able to:
• Define and identify the four factors of production.
• Describe each factor of production.
• Explain why the four factors are important.
• Explain the role of the entrepreneur in productions of goods and service.

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Michael Powell
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12
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Economics, Goods and Services, THE FOUR FACTORS OF PRODUCTION
Economics, Goods and Services, THE FOUR FACTORS OF PRODUCTION