Asked by Cassandra Ramirez on May 09, 2024
Verified
Capital and labor are both ___________ and ___________ factors of production.
Factors of Production
The basic inputs used to produce goods and services, including land, labor, capital, and entrepreneurship.
- Explain the role of derived demand in the context of labor and capital as factors of production.
Verified Answer
CS
Learning Objectives
- Explain the role of derived demand in the context of labor and capital as factors of production.
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