Respuesta :
Factors of production mean the inputs used to get the desired outputs. It is effected by the demand, cost and the quantity of an item.
What are factor of production?
Factor of production means the resources or the input used to produce the desired output or finished products. The four factor of production are land(rent), labor(wages), capital(interest) and entrepreneurship(profit).
The factor of production is effected by the three factors, such as the demand of good and service, cost of good and services and the quantity of goods and service.
Therefore, it can be said that factor of production is effected by demand, cost and quantity of good and services.
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