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Factors of Production Include Land, Labor, Capital, and Entrepreneurial Ability

question 71

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Factors of production include land, labor, capital, and entrepreneurial ability. Of all the factor markets, the MOST IMPERFECT is the


Definitions:

Phrase

A group of words that express a concept and can function as a unit within a sentence, lacking a subject and predicate to form a complete thought.

Hierarchical Structure

An organizational system where entities are arranged in a ranked or graded fashion, from the highest to the lowest levels.

Morphemes

Morphemes are the smallest grammatical units in a language, capable of conveying meaning, such as "un-", "-ing", or "cat".

Sentences

Structures of words that express complete thoughts or ideas, following grammatical rules.

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