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Physical Capital
Assets that are tangible, such as buildings, machinery, and equipment, which are used in the production of other goods and services.
Manufactured Resources
Goods that have been processed or created through manufacturing, used in the production of other goods or services.
Derived Demand
The demand for a factor of production resulting from the demand for the final product it helps to produce.
Factor of Production
A rephrased definition would be the essential elements required for producing goods and services, encompassing land, labor, capital, and entrepreneurship.
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