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What Are the Four Major Categories of Factors of Production

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What are the four major categories of factors of production?


Definitions:

Collude

The act of cooperating or conspiring, especially in a secretive way, with others to deceive or defraud.

Cable TV Market

A segment of the media industry where companies provide television programs to consumers via coaxial or fiber-optic cables.

High Price

A term referring to goods or services being offered at a rate considered above the average or expected market value.

Sherman Antitrust Act

A landmark federal statute in the United States passed in 1890 that prohibits monopolistic business practices.

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