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List three wine producing countries and discuss why they grow great wines. Include a discussion on
climate, soil, and location for each country.
Input
Resources such as labor, materials, and capital used in the production of goods and services.
Planned Output
The quantity of goods or services that a company intends to produce in a specific period.
Production Function
A mathematical relationship expressing the output generated by a firm from different quantities of inputs.
Capital
Economic resources that are used to produce goods and services, including buildings, machinery, tools, and equipment.
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