What Is a Factor of Production? Why Are the Factors

question 151

Essay

What is a factor of production? Why are the factors of production said to have a derived demand?

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Definitions:

Major Types

Refers typically to the primary classifications within a broader category or concept.

Stress

A psychological and physical response to external or internal demands that are perceived as challenging or threatening.

Approach-Avoidance Conflicts

Psychological conflicts arising when a single goal or situation has both appealing and unappealing aspects.

Behavioural Responses

The observable reactions or actions of an organism in response to external or internal stimuli.