Labor and Capital Are the Only Two Factors of Production

question 34

True/False

Labor and capital are the only two factors of production.

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Definitions:

Urea

A waste product formed in the liver, dissolved in blood, and secreted by the kidneys in urine.

Amino Acids

Amino acids are organic compounds that combine to form proteins, serving as the building blocks of life with crucial roles in metabolism.

Glycerol

A three-carbon alcohol that acts as a backbone for triglycerides and phospholipids in lipid metabolism.

Energy Consumption

The amount of energy or power used by physical or biological entities.