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31 March, 18:59

What are the factors of production? How can economies grow when one or more of the factors is weak?

Here are the factor of production natural resources, capital, human resources, and entrepreneurship

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  1. 31 March, 21:15
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    "factors of production" are never weak, though it is possible for specific factors employed to make specific products to be in short supply. In such circumstances, producers probably would try to offer a substitute for which critical factors were more available. Such products probably would not be as good as the product they replaced, but the economy as a whole still would continue to grow, especially in the face of continued saving and investment.
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