Factors of production: Difference between revisions
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Three factors of production -- land, labour, and capital -- have been identified in classical economic theory. Modern theory still makes extensive use of this concept although many textbooks faill to include it in the index or table of contents. | Three factors of production -- [[land]], [[labour]], and [[capital]] -- have been identified in classical economic theory. Modern theory still makes extensive use of this concept although many textbooks faill to include it in the index or table of contents. | ||