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In our economy today we have three major factors of production. Which are land, labor, and capitol? For example cotton has all three of these factors of production. It first starts by growing in land. Once it is grown laborers have to cut the cotton. Then the cotton is taken to a factory to be processed and made into other products...
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In our economy today we have three major factors of production. Which are land, labor, and capitol? For example cotton has all three of these factors of production. It first starts by growing in land. Once it is grown laborers have to cut the cotton. Then the cotton is taken to a factory to be processed and made into other products...
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