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What is land,labour,capital and enterprise?

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What is land,labour,capital and enterprise?

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  1. Land, Labor and Capital are different sort of resources of production in economic system.

    Enterprise - is place there these resources are combined by using technology to produce output (product/goods/services) for economic system.


  2. Four componnets of a system

  3. These are the 4 major components of a strong business economy. Lacking in either 1 will see a decline in the progress of the economy.

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