Factors of Production Include Land,labor,capital,entrepreneurship,and Knowledge

question 10

True/False

Factors of production include land,labor,capital,entrepreneurship,and knowledge.

---

Definitions:

Misfortunes

Unfortunate events or occurrences that bring about suffering, loss, or hardship.

Pity

A feeling of sorrow and compassion caused by the suffering and misfortunes of others.

Stoics

Ancient philosophers who advocated for a life lived in harmony with reason, emphasizing personal ethics informed by a system of logic and its views on the natural world.

Hedonists

Individuals who believe that the pursuit of pleasure is the most important goal of human life.