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The factors of production in an economic system describe functions the resources do. Economic resources are labor, land, enterprise, and capital.The government controls the factors of production in each economic system.
There is a few common factors that the economic activities that are found in the United States. Some of the common factors are money and transportation.
examples of non economic factors
Consumers who are willing and able to purchase a product or service create an economic situation referred to as supply and demand. The price of the product or service tends to rise and fall depending on these factors.
Economic factors are the resources that can influence a person on his/her every day life.