Respuesta :
A producer exists as someone who makes and supplies goods or services. Producers incorporate labor and capital—named factor inputs—to create—that is, to output—something else.
What is Factors of production?
Factors of production, resources, or inputs exist that exists used in the production procedure to produce output—that stands, finished goods and services. The used amounts of the different inputs specify the quantity of output according to the association named the production function.
A producer exists as someone who makes and supplies goods or services. Producers incorporate labor and capital—named factor inputs—to create—that is, to output—something else. Business firms stand as the main examples of producers and exist usually what economists have in mind when uttering about producers.
Factors of production exist as resources that stand as the building blocks of the economy; they are what individuals utilize to produce goods and services. Economists separate the factors of production into four classifications: land, labor, capital, and entrepreneurship.
To learn more about Factors of production refer to:
https://brainly.com/question/4335697
#SPJ9
