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Production Function
A production function is an equation that relates the quantity of output produced to the quantities of inputs used in production.
Factors Of Production
The inputs or resources that are used in the process of producing goods and services, typically including labor, capital, land, and entrepreneurship.
Input
The resources, materials, or labor used in the production of goods and services.
Output
In economics, output refers to the total amount of goods and services produced by a company, sector, or economy within a certain period of time.
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