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•What are the five factors of production and how do they contribute to the creation of wealth?

Respuesta :

two factors of production that seem to contribute the most to a nation's ability to create wealth are : Entrepreneurship and knowledge.
Germany for example, is not a country that have many resources. But through entrepreneurship and knowledge, they still are one of the world's greatest power
ferrera655

Answer:

Land, labor, capital, entrepreneurship, and knowledge. Given that wealth is defined as abundance of valuable assets and each of these can be viewed as assets, they themselves add to wealth. However, entrepreneurship and knowledge are not accountable in a value sense. Everyone has the opportunity to advance their own mental tool kits. To answer your direct question, they contribute to the creation of wealth by enabling the necessary experimentation for new idea’s proof of concepts. Resources enable the ability to experiment with nature and its forces, which is a requirement for technological advancement. Technology has historically proven to be the most valuable asset to obtain

Explanation:

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