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Question
the means through which goods and services are produced are called the factors of _. o people o profit o production o property
The factors of production are the means through which goods and services are produced. They include land (property - natural resources), labor (people), capital, and entrepreneurship. Production is the process of creating goods and services using these factors. Profit is the financial gain. Here, the means of production of goods and services are called the factors of production, and the key term among the options related to the means of production is production.
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